RBC lifts SK Hynix price target to $200 as AI‑driven memory demand fuels upcycle
RBC Capital Markets upgraded SK Hynix to Outperform and raised its price target to $200, about 40% above the current share price. The broker expects third‑quarter revenue of 101.2 trillion won and adjusted earnings of 8,917 won per ADR, driven by a DRAM upcycle that it projects will last another five quarters into 2027. RBC also forecasts high‑bandwidth memory prices to climb 80%‑100% by 2027, supporting further pricing power for the company.
Why it matters
The higher price target suggests a sizable upside for investors, potentially lifting the stock’s market valuation. The forecasted revenue and earnings growth, together with expected DRAM price increases, indicate stronger cash flow that could fund additional buybacks or special dividends.
Key facts
- 1RBC set a $200 price target for SK Hynix, roughly 40% above the latest closing price. finance.biggo.com
- 2RBC expects SK Hynix’s Q3 revenue to be 101.2 trillion won. finance.biggo.com
- 3RBC projects adjusted earnings per ADR of 8,917 won (approximately $6.7). finance.biggo.com
- 4DRAM contract prices rose 20% quarter‑on‑quarter in Q3 and may increase another 15% in Q4. finance.biggo.com
- 5RBC forecasts the DRAM upcycle to continue for five more quarters, with supply constraints persisting until 2027. finance.biggo.com
- 6HBM prices are projected to rise 80%‑100% by 2027. finance.biggo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.