NEXON Co.: Balanced Performance with Limited Upside Potential Justifies Hold Rating
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Atul Goyal from Jefferies has maintained a Hold rating on NEXON Co. with a price target of Yen3,172.00. The company's third-quarter results met expectations, showing growth in MapleStory and DNF PC, but were offset by weaker mobile performance. Despite a 41% increase in net profit and a doubled dividend, the stock's significant rally earlier this year suggests limited upside potential. Another report downgraded the stock to Hold with a price target of Yen3,449.00.
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