Wall Street lifts SK Hynix price targets to $320 on AI chip demand
All 12 analysts covering SK Hynix raised price targets, with the highest at $320, as AI-driven demand for memory chips supports a bullish outlook.
Wall Street analysts have unanimously raised price targets for SK Hynix, citing robust demand for high-bandwidth memory chips used in artificial intelligence applications.
All 12 analysts covering the South Korean semiconductor manufacturer increased their price targets, with the most optimistic at $320, up from the prior high of $260. The average target now stands at $215, reflecting a 22% increase from the previous consensus.
The upgrades follow SK Hynix’s strong first-quarter earnings, where revenue rose 142% year-over-year to $12.5 billion, driven by AI server demand. Gross profit surged to $3.1 billion, while the company maintained its full-year revenue guidance of $48 billion to $52 billion.
Analysts at JPMorgan and Goldman Sachs highlighted SK Hynix’s leadership in HBM3E memory chips, essential for AI training and inference workloads. The firm’s market share in high-bandwidth memory is expected to expand further as AI adoption accelerates globally.
SK Hynix shares have gained 35% year-to-date, outperforming the broader tech sector. The stock closed at $168.50 on Friday, still below the highest target but well above the average consensus of $175.
The upgrades underscore confidence in SK Hynix’s ability to capitalize on the AI boom, despite ongoing supply chain and geopolitical risks in the semiconductor industry.
Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.
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