Naver Price Target Raised 58% on $1B NVIDIA Private Placement

Naver secures $1B NVIDIA stake via private placement, boosting AI Factory confidence. Bernstein sets 330,000 KRW target, implying 58% upside from recent closes.

Woofun AI reports that Bernstein maintains an "Outperform" rating for Naver with a target price of 330,000 Korean Won, representing a 58% potential upside from the July 24th closing price of 209,500 KRW. The investment bank noted that Naver's board approved a private placement of 7.2 million shares to NVIDIA at 204,500 KRW each, raising approximately 1.5 trillion KRW ($1 billion) and granting NVIDIA a 5% stake. Bernstein stated this partnership reinforces market confidence in Naver's AI Factory strategy, which aligns with a "neocloud" model integrating infrastructure capital, chip deployment, and ecosystem demand. The firm indicated that NVIDIA's equity participation may mitigate concerns regarding hardware procurement and long-term support, thereby enhancing the feasibility of future SPV financing.