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Hyundai Motor (005380.KS): 2Q26 results in-line with GSe; expecting less disruption in margin from 2H26

Published: 2026-07-23Institution: Goldman SachsPages: 10Original language: EnglishEvidence page: 8

Research evidence excerpt

Hyundai Motor (005380.KS): 2Q26 results in-line with GSe; expecting less disruption in margin from 2H26

tential represents the upside or downside differential between the current share price and the price target, including all paid or

anticipated dividends, expected during the time horizon associated with the price target. Price targets are required for all covered stocks. The total

return potential, price target and associated time horizon are stated in each report adding or reiterating an Investment List membership.

Coverage Universe: A list of all stocks in each coverage universe is available by primary analyst, stock and coverage universe at

https://www.gs.com/research/hedge.html.

Not Rated (NR). The investment rating, target price and earnings estimates (where relevant) are removed pursuant to Goldman Sachs policy when

Goldman Sachs is acting in an advisory capacity in a merger or in a strategic transaction involving this company, when there are legal, regulatory or

policy constraints due to Goldman Sachs’ involvement in a transaction, and in certain other circumstances. Early-Stage Biotech (ES). An investment

rating and a target price are not assigned pursuant to Goldman Sachs policy when this company has neither a drug, treatment or medical device that

has passed a Phase II clinical trial nor a license to distribute a post-Phase II drug, treatment or medical device. Rating Suspended (RS). Goldman Sachs

Research has suspended the investment rating and price target for this stock, because there is not a sufficient fundamental basis for determining an

investment rating or target price. The previous investment rating and target price, if any, are no longer in effect for this stock and should not be relied

upon. Coverage Suspended (CS).

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