NC Expected to Benefit From Longer Monetization Cycles of New IPs — Market Talk

NC Corp.'s earnings stand to benefit from longer monetization cycles of new intellectual properties including 'Lineage Classic' and 'Aion 2' games that show more durable post-launch revenue trends than ones before, CGS International's Joshua Kim says in a report. 'Lineage Classic' continues to demonstrate stable market share trends in Korea's Internet cafes, which should support further upside for NC's earnings. The brokerage observes 'Aion 2' is showing more gradual and sustained daily revenue trajectory, and lifts its 2026-2028 EPS forecasts for NC by 8.9%-46.1%. It raises the stock's target price to 400,000.00 won from 340,000.00 won, with an unchanged add rating. Shares closed 7.2% higher at 277,000.00 won. (ronnie.harui@wsj.com)