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Wall Street is bullish on SK hynix ADR, with potential upside of a twofold gain; Barclays has set a target price of $330.

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Golden Finance reports that on July 15, Wall Street believes SK Hynix ADR still has nearly double upside potential. Barclays analyst Simon Coles said the shortage of memory chip supply will last for a long time, giving SK Hynix ADR a target price of $330 per share. Barclays expects the memory chip industry’s supply shortage to worsen further in 2027, and that by 2028 any improvement will remain limited, so the future tight supply-and-demand situation is expected to continue for the coming years. The firm believes the current memory chip sector stocks are “severely undervalued.” It also expects that by the end of 2027, the cash and cash equivalents held by SK Hynix will exceed 40% of the company’s current market value, and it expects the company to continue expanding its share buyback program.
SKHY-10.20%
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