Wall Street firms assign buy ratings to SK Hynix, citing growth in AI infrastructure.

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Wall Street firms are promoting SK Hynix ADRs with “Buy” or “Outperform” ratings, citing AI and crypto-related news alongside strong demand for high-end memory chips. Six institutions, including Bank of America, have initiated coverage, with Rosenblatt setting a $320 price target. Analysts emphasize SK Hynix’s pivotal role in AI servers and HBM demand, highlighting growth in data center and tech infrastructure ecosystems. U.S. tech orders and increasing AI investments are driving the bullish outlook.
ME AI messages: At least six Wall Street financial institutions, including Bank of America (BofA), have initiated coverage on SK Hynix’s American Depositary Receipts (ADRs) with “Buy” or “Outperform” ratings, benefiting from strong 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 for “super-cycle” level performance, with its current stock price still undervalued. Rosenblatt Securities has set the highest target price at $320, representing approximately 124% upside from SK Hynix’s previous closing ADR 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. (Source: ODAILY)
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