Shift UP시프트업
462870 · KOSPI · ₩462870 · 시프트업
Analyst target price
Average target
₩43,500
Upside
+47.2%
Range ₩42,000 – ₩45,000 · 2 brokers (latest target within 6 months)
Buy 2
Consensus target vs price, 2 years
Earnings estimates
Brokers' earnings estimates and how they've been revised, with Pro.
Unlock with ProBroker reports
| Date | Broker | Report | Rating | Target | Change | Upside | Since publish | Read |
|---|---|---|---|---|---|---|---|---|
| Oct 22 | Mirae Asset Securities | [Gaming] Shift Up (462870/Buy): Growth Potential That Stands Out in the AI Era | Buy | ₩45,000 | New | +52.3% | −5.1% | Read ↗ |
| Oct 15 | Kyobo Securities | No Gap in 2027 Covered by Existing Forecasts; Watch Reaction to Spirits Reveal Within Year | Buy | ₩42,000 | Maintained | +42.1% | −2.5% | Read ↗ |
| Oct 15 | Kyobo Securities | No Gap in 2027 Covered by Existing Forecasts; Watch Reaction to Spirits Reveal Within Year | Buy | ₩42,000 | Maintained | +42.1% | −2.5% | Read ↗ |
All 8 broker reports on Shift UP, not just the latest 3, with Pro.
Unlock with ProCalculated by JONBUR from publicly available broker reports. Reports belong to their publishers. Not financial advice. Includes brokers that publish research publicly; some brokers' reports are client-only and not included.
AI summary of public information
An AI summary of the public information on this company: filed financial statements, filings, prices and news headlines. It doesn't use broker reports; their targets and estimates are shown above.
Shift UP is highly profitable on trailing numbers, but its shares have fallen 24% over the past year.
Shift UP, a Seoul-listed game developer behind Nikke and Stellar Blade, reported trailing revenue of ₩243B to H1 2026 with an operating margin of 56.2%. The share price closed at ₩29,450 on 26 October 2026, near the lower end of its 52-week range of ₩27,500 to ₩40,750. The company pays no dividend and has modest borrowings against ₩227B of cash.
What stands out
- Trailing net income of ₩193B is well above operating income of ₩137B, so the gap is worth checking in the filings; the data does not explain it.
- Revenue fell from ₩295B in 2025 to a trailing ₩243B, while 2025 revenue had grown 31.4% on the year before.
- The model's base-case fair value is ₩69,398, with a bear case of ₩53,263 and a bull case of ₩94,921; these are model outputs, not forecasts or targets.
- Trading multiples are low at about 9x earnings and 1.8x book, and below several peers such as Hyundai Autoever at 44.9x, though the data gives no reason for the gap.
- Foreign ownership is steady at 36.9%, and retail investors were net sellers of about ₩1.7T over the last 20 trading days, while institutions and foreigners were net buyers.
What to watch
- Full-year 2026 earnings: an advance notice was filed on 16 October 2026, and the detailed results were not in the data.
- Share buyback trust: the trust contract for own-share acquisition was terminated in September 2026, and the reason is not stated in the data.
- Game performance and AI development: a 24 October news piece covers the company's AI-driven game development, but the data gives no revenue impact.
Data as of Oct 26, 2026 · written yesterday
This is not financial advice.
Also known as: Shift UP / 시프트업 / 462870 / KRX:462870
Source: KRX statistical information