"Momentum Is Slowing"... SK hynix Tops 2 Million Won, but Target Price Set at 1.85 Million Won

[Financial News] As SK hynix shares traded above 2 million won, BNK Investment & Securities set a target price of 1.85 million won. Although its rating was Hold, some observers said the target price, which was below the current share price, was effectively close to a Sell recommendation.
According to the financial investment industry on the 9th, BNK Investment & Securities issued a Hold rating and a target price of 1.85 million won for SK hynix the previous day.
The stock closed at 2,076,000 won on the 8th, the current price referenced in the report, meaning BNK Investment & Securities' target was lower than the share price at the time. On the 9th, SK hynix ended trading at 2,186,000 won, up 5.30 percent from the previous day.
In the report, analyst Lee Min-hee said, "DDR memory for AI servers and enterprise solid-state drives (eSSD) are still in a supply shortage, but the aggressive infrastructure investment by hyperscalers, or large-scale AI data center operators, that provide orders is no longer valid," adding that "momentum is slowing."

However, target prices from other brokerages were higher than BNK Investment & Securities'. On the same day, KB Securities said, "The peak is still far away," and maintained a Buy rating on SK hynix with a target price of 4.2 million won.
Daishin Securities also raised its target price for SK hynix to 3.9 million won on the 7th.
Sangsangin Investment & Securities set its target at 3.8 million won, NH Investment & Securities at 4.1 million won, and IBK Investment & Securities and Kyobo Securities at 4 million won each, all of which were upward revisions.


hsg@fnnews.com Han Seung-gon Reporter