SK hynix's target jumps to W1.9m on memory rally

KB Securities on Friday raised its target price for SK hynix to 1.9 million won ($1,400) per share from 1.7 million won, citing accelerating earnings growth driven by AI-led memory demand and rising chip prices. The brokerage maintained a “buy” rating, noting that operating profit is likely to enter a faster growth phase after the first quarter, as supply shortages support structural price increases in DRAM and NAND. KB Securities estimates SK hynix’s operating profit will surge fivefold on-year

By The Korea Herald