[Click e-Stock] Hyundai Mobis Sees Tangible Physical AI Results... Target Price Raised

On May 20, Hyundai Motor Securities raised its target price for Hyundai Mobis from 5.7 million won to 8.1 million won, citing tangible results in the physical artificial intelligence (AI) sector, such as the materialization of its robotics business and the advancement of autonomous driving technologies.

Jang Moonsoo, a researcher at Hyundai Motor Securities, stated, "Hyundai Mobis is a key player in Hyundai Motor Group's robotics and autonomous driving supply chain," adding, "With the mass production of Motional and its partner Waymo's robotaxi in accordance with U.S. autonomous driving laws, the utilization rate of electrification plants is expected to rise."

Jang further explained, "By investing in electrification in Europe, Hyundai Mobis has secured major production bases, which is expected to lead to an increase in new orders for electrification from both global and local original equipment manufacturers (OEMs). In addition, the company is likely to benefit from after-sales service (AS) if tariff costs are passed on or if vehicle prices increase."

He emphasized, "Business efficiency is also improving through diversification of new technology content, acquisition of new customers, and reallocation of input resources. Furthermore, profitability improvement strategies in the Chinese market are continuing, which is likely to lead to a revaluation of the stock price."

This content was produced with the assistance of AI translation services.