Wall Street Optimistic About SK Hynix, Target Price at $320, Performance May Enter Super Cycle

At least six Wall Street financial institutions, including Bank of America, are covering SK Hynix's American Depositary Receipts (ADRs) with "buy" or "overweight" ratings. Benefiting from strong orders from U.S. tech companies, a leading position in the high-end memory chip market, and growth in AI infrastructure investment, SK Hynix is expected to experience performance levels akin to a "super cycle," with its current stock price seen as undervalued. Rosenblatt Securities has set the highest target price at $320, indicating about a 124% upside from SK Hynix's previous ADR closing price of $142.72. Market analysts point out that as demand for AI servers, data centers, and high-bandwidth memory (HBM) continues to expand, SK Hynix remains a core beneficiary in the AI infrastructure supply chain.

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