LG Energy, KR7373220003

Meritz raises LG Energy target to KRW 510,000 for LG Energy stock

Published on 10/15/2026 at 10:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue rose 59.00 percent to KRW 9.6434 trillion for LG Energy stock. Profit reached KRW 756 billion, up 25.70 percent year over year.

Target revision and earnings date

The target rose from KRW 440,000 to KRW 510,000 on October 15, 2026.
Third-quarter revenue reached KRW 9.6434 trillion, up 59.00 percent year over year.
Final third-quarter results are scheduled for November 3, 2026.

LG Energy, KR7373220003, Illustration mit AI erstellt.

LG Energy Solution Ltd. (KR7373220003) received a higher target of KRW 510,000 from Meritz Securities, up from KRW 440,000 in a report dated October 15, 2026, according to EDAILY. The revision followed preliminary third-quarter revenue of KRW 9.6434 trillion and operating profit of KRW 756 billion, which exceeded the reported market consensus of KRW 188.3 billion.

Three earnings steps shaped the story

On October 8, 2026, LG Energy Solution reported preliminary third-quarter revenue of KRW 9.6434 trillion, a 59.00 percent year-over-year increase, according to Seoul Economic Daily. On the same date, operating profit reached KRW 756 billion, up 25.70 percent from the prior year. On October 15, 2026, Meritz Securities lifted its target from KRW 440,000 to KRW 510,000, making the analyst revision the latest dated event.

What supports the margin?

The earnings improvement was tied to higher energy storage system shipments in North America and stronger European shipments of pouch batteries. Seoul Economic Daily reported that KRW 416.9 billion of Advanced Manufacturing Production Credits were included; excluding that item, operating profit was KRW 339.1 billion and revenue was KRW 9.2265 trillion. The adjusted operating result still marked a return to profit, although the credit and customer compensation affected the reported figure.

Next reporting date is November 3

LG Energy Solution will present its final third-quarter 2026 results on November 3, 2026, at an investor-relations conference call, according to The Globe and Mail. The company plans to publish presentation materials on the same day, giving investors a scheduled point for checking the preliminary figures against the final release.

KRW 402,500 on the KRX

LG Energy Solution was last at KRW 402,500 on the Korea Exchange on October 15, 2026 at 3:30 p.m. KST. Its market capitalization was KRW 94.2 trillion and its 52-week range was KRW 290,500 to KRW 527,000 as of October 15, 2026.