Hyundai Mobis rose in early trading on the 28th. Analysts in the securities industry are widely raising their target prices on expectations for a revaluation of the physical artificial intelligence (AI) value chain, which appears to be drawing in investor buying.
At 9:42 a.m. that day, Hyundai Mobis was trading at 697,000 won, up 9,000 won (1.31%) from the previous session. Right after the open, it touched a record high of 749,000 won, up 8.87%.
The securities industry is focusing on Hyundai Mobis' expansion of its physical AI value chain and is raising target prices in succession.
Shinhan Investment Securities raised its target price that day by 57.9% to 900,000 won from 570,000 won. Samsung Securities and LS Securities also raised their Hyundai Mobis targets the day before to 950,000 won and 870,000 won, respectively.
Park Gwang-rae, an analyst at Shinhan Investment Securities, said, "Hyundai Mobis can be revalued beyond a traditional auto parts supplier to a provider of after-sales (A/S) parts, electronic and electrification parts, software-defined vehicle (SDV) hardware, robot actuators, and a physical AI value chain."