[Alpha Biz=(Chicago) Reporter Paul Lee] Securities firms raised their target stock prices one after another on the 22nd, saying Hive's performance and corporate value will improve this year.
According to the adjusted HYBE target price for each securities firm, eBEST Securities is 370,000 won, Hyundai Motor and Daol Investment & Securities is 240,000 won, KB Securities, Meritz and Hana Securities are 230,000 won, Kyobo and iBK Investment & Securities are 220,000 won, and Daishin Securities is 200,000 won. NH Investment & Securities maintained its target price of Hive at 250,000 won.
eBEST Securities said, "Assuming that HYBE purchases a 39.8% stake in SM Entertainment, it will raise its target HYBE stock price from 196,000 won to 370,000 won and offer it as the most preferred stock in the industry."
eBEST Securities explained, "If HYBE acquires a stake in SM, it is expected to increase label corporate value and maximize global fan platform (Weverse) profits due to the expansion of the global share of K-pop."
Hana Securities raised its target stock price by 10% to 230,000 won, saying, "HYBE is expected to earn more than 400 billion won in operating profit in 2025 when BTS (BTS) is expected to engage in full-scale activities."
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
