Wolfe Research Reiterates Outperform Rating on SK hynix With $250 Target
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Wolfe Research reiterated its Outperform rating on SK hynix on Oct. 28 with a $250 price target, citing demand for high-bandwidth memory used in AI infrastructure. The firm pointed to potential gains from HBM pricing and increased memory production. It also viewed the shares as attractively valued at about 4.5 times earnings under its bull-case scenario. Wolfe estimated that SK hynix could generate enough free cash flow to repurchase 28% of its shares over two years, assuming its expected shareholder-return policy. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
