IBK Securities said on the 24th that Hyundai AutoEver, in its role as an artificial intelligence (AI)-based operating system, will strengthen Hyundai Motor Group's automotive competitiveness. It kept its "Buy" rating and raised its target price to 500,000 won from 230,000 won. The previous trading day's closing price of Hyundai AutoEver was 395,000 won.
Lee Hyeon-uk, an analyst at IBK Securities, said, "The competitive axis of the auto industry is shifting from vehicle mechanical completeness and production capacity to data, software, computing, and the ability to apply them to the real physical environment," adding, "It is becoming crucial how much data you secure and how you convert it into a software- and AI-based operating system."
IBK Securities assessed Hyundai Motor Group as a rare company that can tie data, software, factories, and robots into a single structure centered on automobiles. It said the group is a competitive composite company with global manufacturing bases, in-house parts and software affiliates, the robot subsidiary Boston Dynamics (BD), and even a data center to be composed of 50,000 graphics processing units (GPUs).
The analyst said, "Hyundai Motor Group's transition to software-defined vehicles (SDV) is scheduled to begin in earnest in 2027, and its robot business in 2028," adding, "The system integration (SI) segment's sales share is projected to reach 39% in 2026, 43% in 2027, and 52% in 2028."
Hyundai AutoEver's 2026 revenue is forecast at 4.662 trillion won, with operating profit at 251.4 billion won. That represents increases of 9.6% and a decrease of 1.5%, respectively, from a year earlier.