Doosan stock gains analyst support as target is raised on optical module growth

Published on 09/21/2026 at 23:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Doosan stock is backed by DS Investment & Securities, which raised its target price to KRW 2,750,000 on September 18, 2026, citing stronger optical module sales. The shares recently traded around KRW 1,432,000, leaving upside versus the new target.

Doosan, KR7000150003, Illustration mit AI erstellt.

Doosan Corporation stock (ISIN KR7000150003) is drawing renewed attention after DS Investment & Securities lifted its target price to KRW 2,750,000 on September 18, 2026, while the shares recently traded around KRW 1,432,000 on the Korea Exchange, implying notable potential upside as of September 21, 2026.

Analyst raises target on optical module momentum

According to Ground News summarizing DS Investment & Securities research on September 18, 2026, the brokerage raised its target price for Doosan from KRW 2,400,000 to KRW 2,750,000, an increase of roughly 14.6 percent.

As Ground News reports, DS Investment & Securities expects sales of Copper Clad Laminates supplied for optical transceivers to grow strongly, with optical module sales forecast to triple in the second half of 2026 compared with the first half.

In that research note, analyst Kim Soo-hyun highlighted that Doosan closed at KRW 1,413,000 on the previous trading day before the report, which means the new target of KRW 2,750,000 is around 94.6 percent above that closing level on September 18, 2026.

Recent performance and market backdrop for Doosan stock

Per data cited on September 21, 2026, Doosan Corporation shares were shown around KRW 1,432,000, reflecting a daily move of about minus 1.04 percent on the Korea Exchange and placing the stock modestly below the level used in the DS Investment & Securities valuation a few days earlier.

The broader South Korean market environment has been supportive, with the KOSPI index closing at 7,007.72 points, up 113.49 points or 1.65 percent on September 21, 2026, according to Seoul Economic Daily.

On the same date, KOSDAQ also closed higher at 836.27 points, up 1.11 percent, as reported by Seoul Economic Daily, underscoring that Doosan is moving within an overall constructive Korean equity backdrop.

Market commentary compiled by Moomoo on September 21, 2026, noted that Doosan shares were down about 1.04 percent on the day, while affiliate Doosan Enerbility gained 0.47 percent, indicating some short-term consolidation in Doosan stock despite positive sentiment around optical module demand.

Fundamentals and earnings context

Recent financial data compiled by TradingView for Doosan Corporation under the KRX:000150 ticker show EBITDA of approximately KRW 1,432,000 million for the latest reported period, which is used in valuation metrics such as enterprise value to EBITDA and reflects the company's capacity to generate operating cash flows from its core businesses.

According to this same TradingView statistics page for the latest financial year, Doosan's enterprise value to EBITDA ratio for the most recently reported period stands at a level that investors monitor to compare valuation against peers, though the exact multiple depends on the real-time enterprise value snapshot tied to the latest share price and net debt data.

Historical comparisons from previous fiscal years, such as EBITDA levels and margin trends prior to fiscal year 2025, serve mainly as a backdrop and are less relevant for short-term trading decisions around September 21, 2026, given the focus on the most recent earnings power and the expected second-half boost from optical module-related Copper Clad Laminates.

Stock price level and investor perspective

Doosan Corporation stock last traded around KRW 1,432,000 on the Korea Exchange as of September 21, 2026, with the day's move around minus 1.04 percent, leaving the shares well below the DS Investment & Securities target of KRW 2,750,000 and illustrating a gap of more than KRW 1,300,000 between the current market level and the brokerage's valuation.