SK Telecom stock gets a KRW 150,000 Mirae Asset target review

Published on 10/08/2026 at 02:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SK Telecom stock posted Q2 2026 revenue of KRW 4.36 trillion, up 0.5 percent year over year. Operating profit reached KRW 566 billion while the NYSE ADR fell 2.41 percent on October 7.

SKM, US78440P3064, Illustration mit AI erstellt.

SK Telecom (ISIN US78440P3064) was last at USD 35.57 on the NYSE on October 7, 2026, at 4:00 p.m. ET, down 2.41 percent from the prior close of USD 36.45. The move came as Mirae Asset Securities issued a Buy view and a KRW 150,000 target on October 7, 2026, according to Newspim.

Mirae Asset sees stronger earnings

Mirae Asset kept its KRW 150,000 target unchanged from its September 18, 2026 report. Its Q3 2026 forecast called for revenue of KRW 4.5 trillion and operating profit of KRW 543.5 billion, with operating profit expected to exceed market consensus by 3 percent, Newspim reported.

The forecast rests on stronger mobile revenue, higher data-center utilization and broadband subscriber gains. Those estimates are forward-looking, while the companys latest reported quarter provides the harder reference point for investors.

Q2 profit rose from a low base

SK Telecom reported Q2 2026 revenue of KRW 4.36 trillion, up 0.5 percent year over year, operating profit of KRW 566 billion and net income of KRW 466 billion, according to ATS View. Operating profit rose from KRW 338 billion in Q2 2025 to KRW 566 billion in Q2 2026, while revenue increased from KRW 4.34 trillion to KRW 4.36 trillion.

The comparison shows the central tension in the story. Sales growth remained limited, but operating profit improved sharply against the year-ago quarter, lifting the operating margin to 13.0 percent from 7.8 percent.

Consensus target stays above the ADR

TradingView reported on October 6, 2026, that the consensus rating remained Buy among 21 analysts, with 15 Buys, 4 Holds and 2 Sells. The average target was USD 45.17, compared with a USD 22.62 low and USD 60.31 high, putting the average target 27.0 percent above the October 7 price of USD 35.57.

The counterweight is execution risk. A recent market roundup also cited concerns that a proposed class-action system could expose SK Telecom to large payouts, according to ATS View on October 7, 2026.

SK Telecom stock remains below its yearly high

SK Telecom was last at USD 35.57 on the NYSE on October 7, 2026, at 4:00 p.m. ET. Its 52-week range was USD 19.66 to USD 47.18, and its market capitalization was USD 13.7 billion.