HD Hyundai Electric stock faces a target cut before Q3 results

Published on 10/07/2026 at 02:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HD Hyundai Electric stock has a KRW 1.15 million target from Hana Securities after a cut on October 7, 2026. Q2 revenue rose 26.0 percent year over year.

HD Hyundai Electric, KR7267260008, Illustration mit AI erstellt.

HD Hyundai Electric stock (ISIN KR7267260008) was last at KRW 683,000 on KRX on October 6, 2026, up 0.74 percent from the prior close. The immediate catalyst is Hana Securities' revised view ahead of the third-quarter report, with currency movements weighing on its profit forecast.

Hana cuts target to KRW 1.15 million

According to MK on October 7, 2026, Hana Securities lowered its target from KRW 1.44 million to KRW 1.15 million and kept its Buy rating. The change reflects a weaker won-dollar exchange rate, although the brokerage still expects higher profitability in power equipment and distribution products for AI data centers and energy storage projects.

Hana Securities estimates Q3 2026 consolidated revenue at KRW 1.11 trillion, up 11.5 percent year over year, and operating profit at KRW 286.3 billion, up 15.9 percent. The projected operating margin is 25.8 percent, but the operating profit estimate is below the market consensus cited in the report.

Q2 revenue reached KRW 1.14 trillion

ATS View reports that HD Hyundai Electric's Q2 2026 revenue was KRW 1.14 trillion, 26.0 percent higher than in Q2 2025. Operating profit reached KRW 287.0 billion, compared with KRW 209.0 billion a year earlier, while net income was KRW 206.1 billion.

The latest quarterly figures put the target cut into perspective: Hana's Q3 operating profit forecast of KRW 286.3 billion is nearly unchanged from the Q2 actual result, while projected revenue is below the Q2 level. For investors, the key issue is therefore the mix of currency effects, delivery timing and margin performance rather than revenue growth alone.

Consensus target remains above the stock

StockHub lists 10 analyst targets with a median of KRW 1.05 million, a high of KRW 1.20 million and a low of KRW 900,000, based on figures dated August 24, 2026. Against the KRW 683,000 reference price, the median target lies 53.7 percent above the price, while the analyst range shows a wide spread in expectations.

NH Investment & Securities kept a Buy rating and a KRW 1.25 million target on October 6, 2026, according to Chosun. Its Q3 operating profit forecast of KRW 284.3 billion also fell below the cited consensus of KRW 316.1 billion, reinforcing the importance of exchange rates and delivery schedules.

Stock remains below yearly high

HD Hyundai Electric was last at KRW 683,000 on KRX at 3:30 p.m. KST on October 6, 2026. Its 52-week range was KRW 538,000 to KRW 1.43 million, and volume stood at 88,166 shares.