Citi Raises SK Hynix (000660.KS) TP to KRW3.1M, Lifts Operating Profit Forecast; Rating Buy
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Citi has raised its target price for SK Hynix (000660.KS) from KRW1.7M to KRW3.1M, maintaining a Buy rating. The bank anticipates strong growth in commodity memory prices, particularly High Bandwidth Memory (HBM), with a projected 30% QoQ increase in HBM pricing in 4Q26. Citi also increased its 2026 operating profit forecasts for SK Hynix by 8% to KRW251 trillion, citing robust demand for server DDR5 and SSD products. Overall, the report highlights a favorable outlook for SK Hynix driven by high-end memory demand and pricing growth.
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