Goldman Sachs keeps Sell rating and KRW 115,000 target for Posco Future M stock

Published on 10/19/2026 at 01:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached KRW 679.46 billion, versus KRW 660.94 billion. Goldman Sachs set KRW 115,000 as the target for Posco Future M stock.

Target and contract milestones

Goldman Sachs set a KRW 115,000 target on October 15, 2026.
POSCO Future M signed a KRW 6 trillion supply contract on October 6, 2026.
Second-quarter revenue reached KRW 679.46 billion in 2026.
The next reporting date is November 3, 2026.

Posco Future M, KR7003670007, Illustration mit AI erstellt.

Posco Future M (KR7003670007) faces a KRW 115,000 target and a Sell rating from Goldman Sachs dated October 15, 2026, as reported by Markets Insider. The analyst view followed a KRW 6 trillion long-term LFP cathode supply contract with Samsung SDI announced on October 6, 2026.

Three milestones reshape the story

In August 2026, Posco Future M and Samsung SDI had agreed on 190,000 tons of LFP cathode materials for delivery from 2027 through 2032. On October 6, 2026, the companies signed a contract worth KRW 6 trillion. On October 15, 2026, Goldman Sachs maintained its Sell rating and set a KRW 115,000 target, according to Markets Insider.

What does the KRW 6 trillion deal change?

The contract broadens the relationship beyond NCA cathodes to LFP, LMO cathodes and synthetic graphite anodes, while more than doubling the previously agreed volume. The official POSCO Group Newsroom said the broader product mix could lift supply volume by 45 percent from existing levels. The commercial benefit is therefore tied to utilization and future capacity planning, not only to the headline contract value.

Markets Insider reported that second-quarter 2026 revenue was KRW 679.46 billion, up from KRW 660.94 billion a year earlier, while net profit reached KRW 23.14 billion after a GAAP net loss of KRW 35.56 billion in the prior-year quarter. That recovery gives the contract a financial base, although the Goldman target remains below the latest Korean-market quotation.

Next date for investors

The next reporting date is November 3, 2026, for third-quarter 2026 results, according to TradingView.

Market value and Korean quotation

On October 16, 2026, Posco Future M had a market capitalization of KRW 15.3 trillion and a 52-week range of KRW 114,700 to KRW 299,500. The last quoted price on the Korea Stock Exchange was KRW 171,600 at 3:30 p.m. KST on October 16, 2026. The next earnings release will test whether the second-quarter recovery and the new contract are translating into stronger operating momentum.