KB Securities raised its SK Hynix target price by 26.6% to ₩3.8 million from ₩3.0 million. The firm expects a severe memory chip supply shortage to persist through 2028.
Current memory demand from customers is only being met by approximately 50%. Consequently, DRAM and NAND prices are projected to surpass previous market forecasts.
Surging demand for AI servers and the critical role of semiconductors in AI systems drive the revision. KB Securities increased its operating profit forecasts for SK Hynix for the current and upcoming year. This move follows similar upgrades from other financial institutions, indicating a strong market consensus.