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Wolfe Research reiterates its SK“Outperform” rating on SK Hynix, with a price target of 250 USD BlockBeats reported that October 28, Wolfe Research reiterated its SK“Outperform” rating on SK Hynix, with a price target of 250 USD, citing strong demand for high-bandwidth memory (HBM) used in artificial intelligence infrastructure.

Analyst Chris Caso believes that HBM upside potential in pricing, increased memory production, and an attractive valuation of approximately 4.5 times bull-case earnings could provide potential upside.

Wolfe also estimates that, assuming its projected shareholder return policy,SK SK Hynix could generate sufficient free cash flow to repurchase 2 of its shares within 28%years.

Original link https://m.theblockbeats.info/flash/374190