---
title: "SK Hynix Stock (SKHY) Outlook: Here's Why Top Needham Analyst Just Lifted Price Target to $220"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296835466.md"
description: "Needham analyst Quinn Bolton raised SK Hynix's price target to $220 from $200, maintaining a Buy rating. This adjustment follows SK Hynix's approval of a 40 trillion won share repurchase program and an increased shareholder return goal for 2025-2027."
datetime: "2026-08-24T22:48:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296835466.md)
  - [en](https://longbridge.com/en/news/296835466.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296835466.md)
generator: "portal-rs"
---

# SK Hynix Stock (SKHY) Outlook: Here's Why Top Needham Analyst Just Lifted Price Target to $220

Needham analyst Quinn Bolton raised his price target on SK Hynix (SKHY) to $220 (41.6% upside) from $200, while keeping a Buy rating. The move follows the company's decision to launch one of its largest shareholder return programs to date.

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Last week, SK Hynix's board approved a 40 trillion won share repurchase, equal to about 24 million shares, or 3.3% of its total share count. Alongside the buyback, the company also increased its 2025-2027 shareholder return goal from "within 50% of cumulative free cash flow" to "over 50% of cumulative free cash flow."

Interestingly, Bolton ranks 20th out of more than 12,400 analysts tracked by TipRanks. He has an overall success rate of 100% on SKHY stock, with an average return per rating of 5.8% over a one-year timeframe.

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## Related News & Research

- [SK Hynix to pay 60% of employee bonuses in company stock, says source](https://longbridge.com/en/news/296439426.md)
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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**