Kiwoom Securities Cuts HYBE’s Target Price by 18% to Reflect Impact of BTS Royalty Rate
HYBE target price cut by 370,000 won due to the fallout from a higher BTS royalty rate.
Solid performance excluding one-time costs, with expectations for high growth in the second quarter
HYBE, poised to announce first-quarter 2026 earnings, signals entry into a “high-growth cycle” after overcoming “operating loss”Amid analyses that concerns about profitability were already priced in, HYBE highlights valuation appeal by putting front-and-center key artists such as “BTS”“Kiwoom...