Samsung and SK Hynix Korean Stocks Face Corrections as Analysts Hold 2x Target Prices

Samsung Electronics and SK Hynix face diverging views from the market and brokerage firms as their Korean stocks experience corrections. Samsung Electronics reached an intraday high of 260,070 won on May 31, while SK Hynix peaked at 313,500 won on June 13, according to Korea Exchange data. Both stocks have since declined amid concerns over slowing artificial intelligence investment. Brokerage firms maintain target prices more than double the current levels, citing expectations that memory supply shortages will persist longer than anticipated and HBM4 demand will increase.

Samsung Electronics and SK Hynix Record Intraday Peaks Before Corrections

Samsung Electronics reached 260,070 won during intraday trading on May 31, according to Korea Exchange. SK Hynix hit an intraday peak of 313,500 won on June 13. Both stocks have corrected from these levels as market participants express concerns about potential slowdowns in AI-related investment.

Brokerage Firms Maintain Target Prices Double Current Levels

Brokerage firms continue to set target prices more than twice the current trading levels for both Samsung Electronics and SK Hynix. The firms base their projections on anticipated supply-demand dynamics in the memory semiconductor market. Analysts cite two primary factors supporting their valuations: memory supply shortages expected to last longer than initial forecasts and increasing demand for HBM4 products.

Memory Supply Shortage and HBM4 Demand Drive Analyst Optimism

Analysts point to persistent memory supply constraints as a key factor supporting higher valuations. The supply shortage is expected to extend beyond previous industry estimates. Brokerage firms also anticipate growing demand for HBM4 memory products, which factors into their bullish target price assessments for both Samsung Electronics and SK Hynix.

FAQ

What price levels did Samsung Electronics and SK Hynix reach on Korean stocks? Samsung Electronics reached an intraday high of 260,070 won on May 31, and SK Hynix hit 313,500 won on June 13, according to Korea Exchange data.

Why do brokerage firms maintain high target prices for Samsung and SK Hynix stocks? Brokerage firms cite two factors: memory supply shortages expected to persist longer than anticipated and increasing demand for HBM4 products, supporting target prices more than double current levels.

What concerns have caused recent corrections in Samsung and SK Hynix stock prices? Market concerns over potential slowdowns in artificial intelligence investment have contributed to stock price corrections from the May 31 and June 13 peak levels.