HYBE Analyst Upgrades: HSBC Raises Target to 500,000 Won on BTS Comeback Strength

Following initial post-comeback HYBE stock volatility (which had dropped ~15% on March 23 before rebounding ~3.9%), multiple global financial analysts publish bullish reports. HSBC reiterates a 'Buy' rating and raises its HYBE target price from 420,000 won to 500,000 won (~$332), projecting 31% upside on the strength of ARIRANG album sales and the Arirang World Tour revenue. CGS International analyst Jiwoo Oh retains an 'Add' call with a 480,000-won target, forecasting 98% YoY growth in merchandise and licensing revenue driven by the BTS comeback cycle.