LPL Price Prediction Next Week
Technical Analysis: LG Display (LPL) has shown significant weakness in recent trading sessions. Based on the latest news and technical indicators:
Fundamental Analysis:
- Q4 2024 Results:
- Net loss of KRW 839 billion
- Revenue increased 6% YoY to KRW 7.83 trillion
- Shows continued financial pressure despite revenue growth
Recent Business Developments:
- Commenced mass production of 40-inch Pillar to Pillar (P2P) automotive displays
- Key features include:
- Switchable Privacy Mode for driver safety
- Local dimming technology for reduced power consumption
- Will be featured in Sony Honda Mobility's Afeela EV
Price Prediction for Next Week: Based on technical analysis and recent developments:
- Current Support Level: $7.20
- Resistance Level: $8.10
- Expected Trading Range: $7.20-$7.80
Target Price: $7.45 by end of next week
Recommendation: SELL Rationale:
- Continued financial losses despite revenue growth
- While new automotive display technology shows promise, near-term financial pressure likely to persist
- Technical indicators suggest downward momentum
- Automotive segment developments unlikely to materially impact earnings in immediate term
LPL Similar Chart Price Prediction
The price of LPL is predicted to go up -9.88%, based on the high correlation periods with ESTA. The similarity of these two price pattern on the periods is 92.71%.
LPL
ESTA
Down: -9.88%Similarity: 92.71%
LPL Revenue Forecast
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LPL Analyst's Forecast
Peter Lee
Citigroup
Strong Buy → Strong Sell
2024-10-24
Price Target
n/a
Downside
0%
Citi double downgraded LG Display to Sell from Buy with a price target of KRW 7,000, down from KRW 18,000. The company reported a Q3 loss due to continuous OLED demand weakness, particularly in the tablet market, along with a one-off expense, the analyst tells investors in a research note. Citi anticipates LG will face "fierce competition" against BOE and Samsung as well as a challenging Chinese display market.
