Brokerages successively raise target prices for Hyundai AutoEver, SK hynix and others
Brokerages including IBK, iM, KB and Samsung raised their target prices for Hyundai AutoEver, Park Systems, Samsung Electro-Mechanics, SK hynix and NAVER. The brokerages cited expanded AI investment and improving demand for semiconductors and components as the basis.
IBK Investment & Securities raised its target price for Hyundai AutoEver, citing the benefits of the group's expanded AI investment. During the same period, several brokerages assessed AI-related businesses as growth drivers. For Park Systems, iM Securities raised its target price, 2forecasting a resumption of quarterly earnings improvement. KB Securities expected SK hynix's 2quarterly operating profit to increase year on year by 649%. KB Securities cited this as a basis for raising the possibility of an earnings surprise. iM Securities set Samsung Electro-Mechanics' target price at ten-thousand won, citing the combined benefits of MLCCs and FC-BGAs. The same brokerage raised its target price by 230% and assessed the stock as still undervalued. Samsung Securities raised its target price for NAVER, viewing the company as having secured a growth engine through its AI factory business. The report cited the potential for monetizing the AI business as its basis. Several brokerages cited expanded AI investment, improved semiconductor demand and a recovery in demand for electronic components as the basis for these target-price increases. The brokerages' reports specifically identified the factors benefiting each business.28. The brokerages' reports specifically identified the factors benefiting each business.