JP Morgan upgraded SK Telecom (SKM) to "Overweight" from "Neutral" on July 16, 2026. The firm's analyst also raised the price target. Analysts cited SK Telecom's artificial intelligence initiatives as a key future catalyst.
The upgrade reflects the company's AI infrastructure buildout as a primary driver of future growth. The news prompted a higher opening for SKM shares. Broader analyst sentiment on the stock remains mixed. Some analysts point to execution risks and valuation concerns.