Pearl Abyss Outlook Raised as Crimson Desert Global Launch Spurs NH Target Upgrade

NH Investment & Securities said on March 23 it maintained a Buy rating on Pearl Abyss and raised its target price to 51,000 won from 43,000 won, reflecting the global early sales performance of Crimson Desert. The new title sold 2 million copies on its first day and reached about 239,000 peak concurrent users on Steam. NH lifted its 2026 sales estimate for the game to 5.26 million copies from 3.49 million and raised its annual revenue forecast to 383.5 billion won from 263.5 billion won. It projected first-quarter revenue of 210.6 billion won, up 151.6% year on year, and operating profit of 78.6 billion won, turning profitable. It also noted that new-title momentum may slow until DokeV, expected in 2028. Source: hankyung.com.