AIMPACT News, May 12 (UTC+8): Citigroup released a report expecting SK Hynix (000660.KS) to benefit from strong upward trends in DRAM average selling prices and better-than-expected HBM price growth in the second half of 2026. Given the anticipated 30% quarter-over-quarter increase in HBM pricing in Q4 2026, the bank expects SK Hynix to gain from the HBM product mix effect and robust DRAM pricing supported by Anthropic’s recent update, which more than doubled its token limit. The bank raised its target price from KRW 1.7 million to KRW 3.1 million and maintained a “Buy” rating. (Jin10) (Source: ODAILY)
Citibank raises SK Hynix's target price to 3.1 million KRW and maintains a 'Buy' rating.
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Citibank raised its price target for SK Hynix to KRW 3.1 million, maintaining a 'Buy' rating. The bank anticipates strong memory pricing and a 30% sequential increase in HBM prices in Q4 2026. The upgrade reflects confidence in HBM demand and Anthropic’s recent update, supported by a favorable risk-to-reward ratio. Sequential growth and portfolio effects are viewed as key drivers for the chipmaker.
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