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Photo courtesy of HYBE |
[Alpha Biz= Paul Lee] SEOUL, South Korea – June 11, 2025 — iM Securities announced on Tuesday that it has raised its target price for HYBE Corporation from KRW 320,000 to KRW 360,000, maintaining its “Buy” rating, citing the imminent full-group return of BTS as a key catalyst.
Jiwon Hwang, a senior analyst at iM Securities, stated, “With four members of BTS completing their military service this week, the group is expected to make its long-awaited full comeback, with SUGA completing his service on June 21. HYBE is already expanding global engagement with pop-up stores in key markets such as Guangzhou, Shanghai, Mexico, and Brazil.”
For the second quarter of 2025, HYBE’s revenue and operating profit are projected to reach KRW 710.6 billion and KRW 84.2 billion, up 11% and 65% year-over-year, respectively. Full-year estimates for 2025 stand at KRW 2.728 trillion in revenue and KRW 270 billion in operating profit.
“Considering the pent-up demand and scale of the world tour canceled during COVID-19, the upcoming tour could attract at least 3 million attendees globally,” said Hwang. “Furthermore, continued structural growth in the merchandise (MD) business could drive additional upside.”
Hwang added, “The recent shift in diplomatic sentiment under the new Korean administration has sparked renewed optimism for improved Korea-China relations, creating a favorable backdrop for the entertainment sector. With BTS’s return in the second half and expanding tour activities by younger groups under seven years old, HYBE remains well-positioned for further gains.”
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
