Daeshin Securities Raises SK Hynix Target Price to 3.9M KRW on ADR Listing, HBM Outlook

According to Daeshin Securities on July 7, the brokerage raised its target price for SK Hynix to 3.9 million KRW per share from 3.4 million KRW, citing catalysts including the company's planned Nasdaq ADR listing on July 10 and strong high-bandwidth memory (HBM) pricing dynamics. The new target applies a price-to-book ratio of 5.5x. Daeshin forecasts SK Hynix's 2026 operating profit at 291 trillion KRW and projects HBM average selling prices to surge 100% year-over-year in 2027 amid tightening memory chip supplies.
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