SK Hynix ADR Targets Up to $320 as Six Wall Street Firms Initiate Coverage in 24 Hours

According to TipRanks data, at least six Wall Street investment banks initiated analyst coverage of SK Hynix ADR and issued buy or outperform ratings on Aug. 4 local time. Price targets ranged from $204 to $320, with Rosenblatt setting the highest at $320—more than double the previous close—while the analyst consensus average target reached $237.71.

Analysts justified the bullish stance by comparing SK Hynix's valuation to peer Micron: the South Korean chipmaker trades at 6.1x estimated 2026 earnings versus Micron's 11.3x multiple. RBC Capital estimated SK Hynix trades at a 20-25% discount to U.S. peers, citing structural demand for AI memory outpacing supply and extended wafer production cycles of 3-5 years versus historical 1-2 years.