NH Investment cut target for Hyundai Motor stock from KRW 620,000 to KRW 540,000
Published on 10/09/2026 at 12:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- NH Investment cut Hyundai Motor's target from KRW 620,000 to KRW 540,000 on October 6, 2026, while maintaining Buy.
- Third-quarter revenue was forecast at KRW 42.22 trillion, down 9.60 percent year over year.
- Hyundai Motor reported Q2 2026 revenue of KRW 49.22 trillion and operating profit of KRW 2.85 trillion.
- The next earnings date is October 29, 2026, according to an explicitly dated market calendar.
NH Investment cut its target for Hyundai Motor stock from KRW 620,000 to KRW 540,000 on October 6, 2026, while maintaining its Buy rating, according to Edaily. The reduction reflected weaker global wholesale sales and stronger price competition, making the earnings outlook the central issue for the stock.
Three dates show the shift
On July 23, 2026, Hyundai Motor's Q2 2026 results showed revenue of KRW 49.22 trillion, up 1.90 percent year over year, and operating profit of KRW 2.85 trillion, according to ATS View and the company's investor-relations calendar at Hyundai Motor.
On October 5, 2026, Hyundai Motor sold 77,439 vehicles in the United States during September, a monthly record that was 9.00 percent above the prior year, while hybrids represented 28.00 percent of the mix, TradingView reported.
On October 6, 2026, NH Investment projected third-quarter revenue of KRW 42.22 trillion and operating profit of KRW 2.40 trillion, down 9.60 percent and 5.30 percent year over year, respectively, according to Financial News.
What does the target cut signal?
The revised forecast puts third-quarter operating profit below the earlier expectation of KRW 3.01 trillion, a quantified gap that explains the lower target. NH Investment attributed the pressure to production disruptions, labor action, fewer working days and higher raw-material costs.
The same report projects fourth-quarter revenue of KRW 46.66 trillion and operating profit of KRW 2.48 trillion. That forecast implies a sequential revenue increase of KRW 4.44 trillion from the third quarter, but the recovery depends on production normalization, new-model launches and the timing of deferred sales.
Which date comes next?
Hyundai Motor's next earnings date is October 29, 2026, according to InvestPane. The date gives investors a defined checkpoint for testing whether the third-quarter forecast and the expected fourth-quarter rebound are moving in opposite directions.
KRX price reflects the pressure
The primary KRX listing was last at KRW 324,500 on October 8, 2026 at 3:30 p.m. KST, down 3.42 percent from the previous session's KRW 336,000. The quoted 52-week range was KRW 214,000 to KRW 783,000, while market capitalization stood at KRW 65.7 trillion on the same dated quote.
Hyundai Motor stock facts
- Company: Hyundai Motor Company
- ISIN: KR7005380001
- Ticker: 005380
- Primary exchange: Korea Exchange KOSPI
- Primary exchange price: KRW 324,500.00 as of October 8, 2026 at 3:30 p.m. KST
- Change versus prior session: minus 3.42 percent
- Market capitalization: KRW 65.7 trillion as of October 8, 2026
- 52-week range: KRW 214,000.00-KRW 783,000.00 as of October 8, 2026
- Sector / Industry: Consumer Cyclical / Auto Manufacturers
- Index membership: KOSPI
- Next earnings date: October 29, 2026
Market context: Market report KOSPI.
