Hyundai Motor Shares Rise 3% After Goldman Sachs Initiates 'Buy' Coverage

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Posted by AI on 2025-08-12 07:35:00 | Last Updated by AI on 2025-08-12 10:08:47

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Hyundai Motor shares climbed 3% to a month high after Goldman Sachs initiated coverage of the stock with a 'buy' rating. Goldman Sachs analysts projected a price target of $84, signaling around a 30% upside to Hyundai's current market price and stated that the automaker has a competitive advantage in electrification and autonomy which would drive its global dominance in the automotive industry.

The optimistic forecast comes as the South Korean automaker continues to face concerns over its CEO, who is under investigation for alleged misconduct and irregularities in shareholder returns. Despite the ongoing situation, Hyundai shares are up by around 25% so far this year, outperforming many of its global rivals.

Hyundai Motor is in the midst of a major restructuring effort, focusing on hydrogen fuel cell technology and diversifying its portfolio of vehicles to include more SUVs, trucks, and luxury models.

The company also plans to expand its global production and sales networks, as well as its marketing initiatives to boost sales in key markets such as the US and China.

The recent rally in Hyundai Motor shares suggests that investors are cautiously optimistic about the company's near-term prospects, despite the challenges it faces.

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