Wall Street Collectively Bullish on SK Hynix: Highest Target Price of $320, or Ushering in "Super Cycle"-Level Performance

Odaily News: At least six Wall Street financial institutions, including Bank of America (BofA), have initiated coverage on SK Hynix's American Depositary Receipts (ADR) with "Buy" or "Overweight" ratings. Driven by robust orders from U.S. tech companies, a leading position in the high-end memory chip market, and sustained growth in AI infrastructure investment, SK Hynix is poised to deliver "super cycle"-level performance, with its current stock price still undervalued. Among them, Rosenblatt Securities set the highest target price at $320, implying an upside of approximately 124% from SK Hynix ADR's previous closing price of $142.72. Market analysts believe 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. (MK)