Kiwoom cuts target for Hyundai Motor stock to KRW 600,000

Published on 10/15/2026 at 10:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter profit was forecast at KRW 2.35 trillion, 16.60 percent below consensus. Hyundai Motor stock faces 909,000 units, down 9.70 percent.

Earnings pressure builds

Kiwoom Securities cut its Hyundai Motor target to KRW 600,000 from KRW 700,000 on October 15, 2026.
Hyundai Motor Securities estimated third-quarter operating profit at KRW 2.35 trillion, 16.60 percent below consensus.
The next Hyundai Motor earnings report is listed for October 22, 2026.

Hyundai Motor, KR7005380001, Illustration mit AI erstellt.

Hyundai Motor (ISIN KR7005380001) saw Kiwoom Securities cut its target from KRW 700,000 to KRW 600,000 on October 15, 2026, as Seoul Economic Daily reported. The 14.29 percent reduction puts earnings pressure at the center of the stock story.

Three target revisions frame October

On October 6, 2026, NH Investment and Securities lowered its target from KRW 620,000 to KRW 540,000 while retaining its Buy rating, according to Financial News. Hyundai Motor closed at KRW 313,500 on October 14, 2026, while Kiwoom Securities announced the KRW 600,000 target on October 15, 2026.

What does the target cut mean?

The immediate issue is profit delivery. Seoul Economic Daily said Hyundai Motor Securities estimated third-quarter operating profit at KRW 2.35 trillion, 16.60 percent below the KRW 2.82 trillion consensus. Global wholesale sales excluding China reached 909,000 units, down 9.70 percent from a year earlier.

The pressure extends beyond one quarter. The Korea Times reported that five brokerages had lowered targets, while KB Securities estimated third-quarter operating profit at KRW 2.55 trillion and linked the weakness to production disruptions. The article also said 42dot accumulated KRW 705.5 billion in operating losses between 2021 and 2025, making the software investment a measurable counterweight to the auto business.

Earnings dates carry the next test

Investing.com lists October 21, 2026, as the next earnings date, while MarketBeat lists October 22, 2026. The report will test whether normalized production and new vehicle launches can offset weaker sales and higher costs.

KRW quote and market value

On the KRX, Hyundai Motor was last at KRW 295,500 on October 15, 2026 at 3:30 p.m. KST. Its market capitalization was KRW 73.1 trillion and its 52-week range was KRW 234,000 to KRW 783,000 on October 15, 2026.