DB Securities raised target for SK Innovation stock

Published on 10/14/2026 at 00:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

DB Securities raised its target to KRW 200,000 from KRW 150,000 on October 8, 2026. SK Innovation stock last traded at KRW 156,800 on October 13, 2026.

Target revision and quarterly recovery

DB Securities raised its SK Innovation target from KRW 150,000 to KRW 200,000 on October 8, 2026.
SK Innovation reported KRW 29.2 trillion in second-quarter 2026 revenue, up 51.0 percent year on year.
SK Innovation stock was last at KRW 156,800 on KRX on October 13, 2026.

SK Innovation, KR7096770003, Illustration mit AI erstellt.

SK Innovation (ISIN KR7096770003) received a higher target from DB Securities, which raised its price objective to KRW 200,000 from KRW 150,000 on October 8, 2026, while maintaining a Buy rating, according to Gate News. The target revision gives the company a concrete valuation reference as its latest quarterly figures show a sharp operating rebound.

Three dates shape the stock

For the second quarter of 2026, SK Innovation reported revenue of KRW 29.2 trillion, up 51.0 percent from the same quarter a year earlier, and operating profit of KRW 3.49 trillion, according to ATS View on its results and filings page. The reporting period ended June 30, 2026, making the figures the latest quarterly operating snapshot in the article.

On October 8, 2026, DB Securities linked its higher target to global oil inventory shortages and possible new customers for SK Enmore, SK Innovation's base-oil subsidiary, while forecasting third-quarter operating profit of KRW 3.00 trillion against consensus of KRW 2.78 trillion, according to Gate News.

On October 13, 2026, SK Innovation was last quoted at KRW 156,800 on the Korea Exchange. That level sits KRW 8,600 below the 52-week high of KRW 165,400 and KRW 69,100 above the 52-week low of KRW 87,700, keeping the share close to the upper part of its annual range.

What supports the higher valuation?

The investment case now rests on two different earnings engines. Refining and lubricants provide the near-term operating improvement cited by DB Securities, while batteries, energy storage and SK Enmore offer longer-term growth avenues.

The second-quarter numbers show why the target revision has attracted attention: revenue increased by 51.0 percent year on year and operating profit reached KRW 3.49 trillion, compared with a KRW 418 billion operating loss in the second quarter of 2025, according to ATS View. The comparison is substantial, but the forecast still depends on margins, energy prices and the pace of new customer additions.

KRX price stays near yearly high

SK Innovation was last at KRW 156,800 on the Korea Exchange on October 13, 2026 at 3:30 p.m. KST. The KRX listing trades under ticker 096770, with a market capitalization of KRW 26.4 trillion and a 52-week range of KRW 87,700.00 to KRW 165,400.00 as of October 13, 2026.