Multiple institutions bullish on Samsung Electronics: Storage giant aims to hit the trillion-dollar market cap threshold

Cailian Press, February 25 (Editor: Shi Zhengcheng) As Samsung Electronics closed up 3.6% on Tuesday, reaching a new all-time high of 200,000 Korean won per share, analysts are turning their attention to the next target: a market capitalization surpassing $1 trillion.

(Samsung Electronics daily chart, Source: TradingView)
According to statistics, Samsung Electronics’ latest market cap is 1,337.21 trillion Korean won, approximately $9.274 trillion, ranking 14th among global listed companies. Assuming exchange rates remain unchanged, the storage giant only needs an 8% increase to reach this goal.

(Source: companiesmarketcap)
By the way, SK Hynix, which also hit a record high on Tuesday, has a latest market cap of about $480 billion, surpassing Micron Technology, which has recently paused its rally, making it the 21st largest listed company by market value globally.

In the latest report, Morgan Stanley raised Samsung Electronics’ target price from 210,000 Korean won to 248,000 won. The Wall Street giant states that Samsung Electronics’ path to a $1 trillion market cap will be driven by stronger profitability, expanding profit margins, and the long-term resilience of memory chip prices.

Macquarie offers an even more optimistic target of 340,000 Korean won, which is up to 70% higher than Tuesday’s closing price. The firm expects a strong cycle in DRAM and NAND prices to last at least two years. Driven by the storage business, Samsung Electronics’ net profit is projected to increase tenfold between 2025 and 2028.

Macquarie analysts also said, “Samsung Electronics is the most capable company to seize this multi-year upward cycle in storage. Its product mix is more focused on bulk storage chips, especially mature process nodes and low-density products. Moreover, in the next three years, only Samsung Electronics has the capacity to seamlessly ramp up new wafer fabs—P4 is currently progressing, and P5 is expected to start production from 2028.”

Citigroup also raised Samsung Electronics’ target price from 240,000 Korean won to 280,000 won, and expects the average selling prices (ASP) of global DRAM and NAND to increase by 171% and 127%, respectively, year-over-year by 2026.

Domestic Korean brokerages generally set their targets above the 1 trillion market cap mark.

Future Asset Securities of Korea raised Samsung Electronics’ target price from 247,000 Korean won to 275,000 won on Monday. Additionally, NH Investment & Securities increased its target from 205,000 won to 250,000 won, while SK Securities set a target of 300,000 won. All these brokerages cited the boost from the storage business to Samsung Electronics’ operating profit.

Hana Securities pointed out that starting in 2026, large tech companies’ dedicated integrated circuits (ASICs) will officially enter shipment phases, with shipments expected to surge in 2027. Due to TSMC’s capacity constraints, Samsung Electronics’ foundry business is expected to see significant growth from 2027 onward.