Samsung shares could rally over 40% in the next year, according to one analyst who sees TV and smartphone sales rebounding sharply in the near-term and a boost in the chip division.

SK Kim, analyst at Daiwa Capital Markets, raised his 12-month price target on the stock to 85,000 Korean won ($71.52) from 82,000 Korean won.

Analysts are bullish on Samsung’s prospects with smartphones and also its semiconductor business.

GUANGZHOU, China — Samsung shares could rally over 40% in the next year, according to one analyst who sees TV and smartphone sales rebounding sharply in the near-term and a boost in the chip division. Read More..