Odaily Planet Daily reports that at least six Wall Street financial institutions, including Bank of America (BofA), have initiated coverage on SK Hynix’s American Depositary Receipts (ADRs) and issued “Buy” or “Overweight” ratings, citing strong demand from U.S. tech companies, leadership 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 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)
Wall Street firms target SK Hynix with buy ratings, price targets up to $320
KuCoinFlashShare
Summary
Six Wall Street firms, including Bank of America, have initiated coverage of SK Hynix ADRs with 'Buy' or 'Outperform' ratings. Strong U.S. tech orders and growth in AI infrastructure support the bullish outlook. Rosenblatt set a $320 price target, representing a 124% upside from $142.72. Analysts highlight SK Hynix’s key role in meeting demand for AI servers and HBM. The company also aligns with global regulatory frameworks such as MiCA and CFT.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.