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SK Hynix Target Price Raised to 2.8 Million Won as KB Calls It an ‘AI Preview’

Published: · Source: mk.co.kr

SK Hynix Target Price Raised to 2.8 Million Won as KB Calls It an ‘AI Preview’
TL;DR: KB Securities on May 12 raised its SK Hynix target price from 2.0 million won to 2.8 million won, saying earnings upgrades are outpacing the share price rise.
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KB Securities raised its target price for SK Hynix on May 12 from 2.0 million won to 2.8 million won. The report described SK Hynix as “still an AI preview” and said the pace of upward revisions to earnings forecasts is exceeding the pace of the stock’s rise. The adjustment comes as expectations tied to artificial intelligence demand and earnings are being reflected in valuation. The higher target price indicates that improved earnings outlooks remain a key factor for investment judgment. Source: quoted from mk.co.kr.

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