[Goldman Sachs: Samsung Target Price 490,000 KRW, Persistent Tightness in Memory Supply and Demand] According to Deep Tide TechFlow, based on research from Tide Research, Goldman Sachs reiterated its Buy rating and included Samsung Electronics in its Conviction Buy List following an online meeting with Samsung's management on September 18, 2026. The target price for common stock is set at 490,000 KRW, representing a 94.1% upside from the current price of 252,500 KRW. Management believes that memory supply and demand in 2027 will be tighter than in 2026, with long-term supply agreements providing visibility beyond 2027. HBM is encroaching on traditional DRAM production capacity, and 4nm foundry capacity is constrained due to demand for HBM4 base chips. Goldman Sachs believes that the tight memory supply and demand, long-term agreements securing demand, and HBM encroaching on capacity form three key pillars supporting Samsung's earnings outlook. The firm recommends monitoring the progress of long-term agreements and clarity on shareholder return policies as catalysts for assessing the upside potential.