SK hynix Price Targets Diverge Despite Record Earnings
SK hynix posted record third-quarter earnings, with revenue surpassing 100 trillion won for the first time. Its operating profit margin approached an unprecedented 80% as high-value products such as high-bandwidth memory (HBM) and enterprise solid-state drives (eSSDs) accounted for a growing share o
SK hynix reported record third-quarter earnings, with revenue surpassing 100 trillion won for the first time and an operating profit margin of 79.6%. Despite the strong performance, brokerages remain divided over the company's outlook, raising or cutting their price targets as they consider future memory demand and potential share-price re-rating.
While some, like Yuanta Securities, forecast fourth-quarter operating profit to exceed 100 trillion won and raise their price targets, others, such as NH Investment & Securities and BNK Investment & Securities, offer more conservative estimates. Despite the record results, SK hynix shares remain approximately 50% below their peak, with KB Securities describing the valuation as exceptionally low.
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