Institution: Sees Upside Potential for SK Hynix, Estimates Two-Year Buyback Could Reach 28% of Shares Outstanding

TechFlow news, October 28: Wolf Research reiterated its Outperform rating on SK Hynix and set a USD 250 price target, citing strong demand for high-bandwidth memory (HBM) from AI infrastructure. Analyst Chris Casso believes rising HBM prices, increased memory output, and an attractive current valuation could all provide upside for the stock. At present, the stock is valued at about 4.5x expected earnings in an optimistic scenario. Wolf Research also estimates that if SK Hynix implements its shareholder return policy as expected, free cash flow generated over the next two years could be sufficient to repurchase shares equivalent to 28% of its total shares outstanding. (Jin10)

Source: TechFlow