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Citi Upgrades SK Hynix Target Price to 3.1 Million Won, Maintains Buy Rating

GateNews
Stocks

According to Citi, the brokerage upgraded SK Hynix (000660.KS) target price to 3.1 million won from 1.7 million won on May 12, citing strong memory pricing trends and better-than-expected HBM (high bandwidth memory) growth in the second half of 2026. Citi expects SK Hynix to benefit from a 30% quarter-on-quarter increase in HBM pricing in Q4 2026, supported by robust DRAM pricing driven by recent AI developments. The brokerage maintained its buy rating on the stock.

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