Hyundai Motor Stocks Fall 6.6% as Analyst Cuts Target on Humanoid Delays

Hyundai Motor stocks fell 6.60% to 403,500 won as of 9:48 AM on the 24th, according to Korea Exchange data. NH Investment & Securities downgraded the company's target price from 860,000 won to 760,000 won, citing uncertainty over the mass production timeline for humanoid robots. The stock decline follows a peak of 783,000 won on the 1st of last month, when investor expectations for Hyundai's humanoid business through subsidiary Boston Dynamics drove shares to a 52-week high.

NH Investment & Securities Cuts Hyundai Motor Target Price to 760,000 Won

NH Investment & Securities issued a report on the 24th lowering Hyundai Motor's target price from 860,000 won to 760,000 won. The brokerage stated that the company is preparing to develop new businesses across physical AI including humanoids and autonomous driving, but progress is slower compared to market expectations. The report noted that despite rapid improvement in external factors such as regulations, the pace is lagging behind competitors. The firm identified uncertain timing for humanoid mass production as a key factor in the downgrade.

Hyundai Motor Q2 Operating Profit Falls 20.8% Despite Record Revenue

Hyundai Motor announced on the previous day that it recorded revenue of 49.2153 trillion won and operating profit of 2.8509 trillion won in the second quarter. While revenue reached a record high for any quarter, operating profit decreased 20.8% compared to the second quarter of last year. Concerns over profitability decline are contributing to the stock's weakness.

KOSPI Opens Down 1.35% Amid Middle East Tensions

The KOSPI opened at 7000.78 on the 24th, down 96.11 points or 1.35%. The index later expanded losses to 6881.15. Multiple large-cap stocks declined sharply, including Samsung Electronics (down 4.26%), SK Hynix (down 4.48%), and SK Square (down 6.88%). Heightened Middle East tensions are cited as the primary cause. U.S. President Donald Trump stated in a recent local media interview that he is considering a large-scale attack on Iran.

FAQ

Why did Hyundai Motor stocks fall on the 24th?

Hyundai Motor stocks fell 6.60% to 403,500 won after NH Investment & Securities downgraded the target price from 860,000 won to 760,000 won, citing uncertainty over the mass production timeline for humanoid robots and slower-than-expected progress in the company's physical AI initiatives.

What were Hyundai Motor's second quarter financial results?

Hyundai Motor reported second quarter revenue of 49.2153 trillion won, a record high for any quarter, and operating profit of 2.8509 trillion won, which represents a 20.8% decrease compared to the second quarter of last year.