South Korea's SK Hynix Price Target Raised to 3.7 Million Won on "DRAM, HBM Sold Out Through 2029"
SK Hynix (000660.KS) saw its price target raised to 3.7M won ($2.8K) by Yuanta Securities, citing strong sales of HBM and DRAM through 2029. Q4 operating profit is forecasted to exceed 100T won ($74.7B). Q3 revenue and profit surged 327.9% and 632.1% YoY, respectively. Analysts highlight long-term supply agreements and high demand.
How this was made
The 30-second read
Why it matters
The upgraded targets and above‑consensus guidance are likely to drive short‑term buying interest.
Market read
First‑time disclosure of upgraded forecasts for a mega‑cap semiconductor, likely to move the stock and its sector.
What to watch
Currency headwinds from a stronger won and potential supply‑chain constraints are not fully reflected in the forecasts.
Background
SK Hynix reported record Q3 results and now faces analyst upgrades based on sold‑out DRAM/HBM capacity through 2029.
Ticker impact
Analyst firms Yuanta and Shinhan raised SK Hynix price targets and issued Q4 revenue and profit forecasts that exceed consensus, marking the first public disclosure of these upgraded forecasts.
likely upward pressure as investors price in the higher earnings outlook and target price.
The forecasts are materially above consensus and the price target increase is >10%, which historically moves the stock on the day of release.
Market effects
Strengthens the DRAM/HBM memory sector outlook, supporting peers with similar exposure.
Positive for South Korean semiconductor stocks and broader Asian tech indices.
Reinforces global memory‑chip demand narrative, potentially lifting related ETFs.
Counterpoint
If memory prices soften or demand slows, the aggressive forecasts could prove overly optimistic, leading to a pull‑back.
Key entities
- companySK Hynix
South Korean memory‑chip manufacturer (ticker 000660.KS).
- analyst_firmYuanta Securities
Issued a 12.1% price‑target increase to 3.7 million won.
- analyst_firmShinhan Securities
Raised its target 11% to 3 million won.
