JPMorgan remains bullish on Samsung: The world's "cheapest memory stock" will continue its earnings boom cycle.

```htmlGolden Ten Data July 8｜JPMorgan released its latest individual stock research report, stating that global semiconductor giant Samsung Electronics revealed strong preliminary performance for the second quarter of 2026, with its core profit indicators easily beating previously lowered market expectations. Although Samsung made a one-off provision for labor costs exceeding 15 trillion won in the first half of this year, the company demonstrated highly resilient profitability driven by soaring memory chip prices and the depreciation of the won. In the report, JPMorgan reiterated its "overweight" rating on Samsung and raised the target price for December 2026 to 480,000 won. JPMorgan pointed out that Samsung Electronics’ current share price corresponds to a forward 12-month price-to-earnings ratio (FTM P/E) of only 5.2x, making it the most cheaply priced premium memory asset globally. Pessimistic investor sentiment led to a prior pullback in its stock price, but this actually provides an excellent buying opportunity for medium to long-term investors looking to buy on dips.```