Meritz raises target for SK Innovation stock to KRW 210,000

Published on 10/25/2026 at 00:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter consensus operating profit is KRW 2.6958 trillion, up 370.1 percent year over year. October 29 results test SK Innovation stock.

Target and earnings dates

Meritz Securities set a KRW 210,000 target on October 14, 2026.
Third-quarter operating profit consensus reached KRW 2.6958 trillion on October 20, 2026.
SK Innovation is scheduled to report third-quarter results on October 29, 2026.

SK Innovation, KR7096770003, Illustration mit AI erstellt.

SK Innovation (ISIN KR7096770003) received a KRW 210,000 price target from Meritz Securities on October 14, 2026, as the brokerage anticipated stronger refining and lubricants earnings. Financial News reported the target and linked it to the upcoming third-quarter results.

Target reflects stronger refining

Meritz Securities projected third-quarter operating profit of KRW 3.6983 trillion and expected refining margins and lubricant spreads to support the result, according to Financial News on October 20, 2026. The estimate stood KRW 1.0025 trillion above the market consensus.

The same report put consensus third-quarter operating profit at KRW 2.6958 trillion, 370.1 percent above the same period a year earlier and 22.7 percent below the second quarter. That comparison matters because second-quarter earnings included one-off gains at battery subsidiary SK On.

What does the earnings test mean?

The answer depends on whether non-battery businesses can offset continued pressure at SK On. Financial News cited a projected SK On operating loss of KRW 179.4 billion for the third quarter, making the battery unit the clearest counterweight to refining and lubricants.

Three events shape the setup

On October 14, 2026, SK Innovation ended at KRW 156,800 after battery stocks benefited from expectations for energy-storage growth, while iM Securities raised its target to KRW 250,000 from KRW 190,000, Seoul Economic Daily reported. On October 20, 2026, consensus operating profit was KRW 2.6958 trillion. On October 22, 2026, the stock traded at KRW 143,100, down 7.26 percent intraday, as profit-taking followed its recent rise.

Two dates now matter

SK Innovation is scheduled to announce third-quarter results on October 29, 2026, according to Simply Wall St. The next reporting date is the immediate test for the KRW 210,000 target and the projected KRW 3.6983 trillion operating profit.

Stock stays below the yearly high

SK Innovation last traded at KRW 138,100 on the Korea Exchange on October 23, 2026. Its 52-week range was KRW 87,700 to KRW 165,400 on that date, while market capitalization stood at KRW 23.3 trillion.