LG Innotek target raised to 950,000 won on Tesla robot vision potential

KB Securities on May 11 raised its price target for LG Innotek from 750,000 won to 950,000 won while maintaining a Buy rating. The report said LG Innotek remains undervalued, pointing to growth expectations tied to vision-sensing modules for humanoid robots. The target increase is 200,000 won, suggesting a higher valuation than previously reflected. As demand for robot camera and sensing components draws attention, expectations for LG Innotek’s related business appear to have influenced the investment view. Source: mk.co.kr