Modern car stock prices soar, more analysts raise modern car stock price target.

Modern car stocks rose 19% at one point, reaching a historic high and pushing this month's increase to around 59%. More and more analysts have raised the company's target price, citing the growing momentum in the robotics industry and potential improvements in profitability. Other automotive stocks also rose, with the Korean Kospi up over 1%. HSBC raised Hyundai's target price from 320,000 Korean won to 580,000 Korean won, while Mirae Asset Securities raised their target price from 360,000 Korean won to 520,000 Korean won, both maintaining a buy rating. Mirae Asset analyst Kim Jin Suk wrote in a research report that the company's launch of the humanoid robot Atlas and announcement of its robotics business strategy could make them beneficiaries of the development trend in the robotics and autonomous taxi industries. Hyundai affiliate Kia's stock also surged 12%, reaching its highest level since 1996; Hyundai Autoever rose 6.6%, Hyundai Glovis rose 6.8%, and Hyundai Mobis rose 7.3%.