Research analysts at Cantor Fitzgerald began coverage on shares of SK hynix (NASDAQ:SKHY – Get Free Report) in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The firm set an “overweight” rating and a $300.00 price target on the memory chip maker’s stock. Cantor Fitzgerald’s target price would suggest a potential upside of 110.20% from the company’s current price.
A number of other brokerages have also recently issued reports on SKHY. Royal Bank Of Canada started coverage on shares of SK hynix in a report on Tuesday. They set an “outperform” rating and a $200.00 price objective for the company. William Blair started coverage on shares of SK hynix in a report on Tuesday. They issued an “outperform” rating on the stock. Singular Research raised shares of SK hynix to a “strong-buy” rating in a research report on Friday, July 10th. Wolfe Research assumed coverage on shares of SK hynix in a report on Tuesday. They issued an “outperform” rating and a $200.00 price target for the company. Finally, Wall Street Zen upgraded shares of SK hynix to a “strong-buy” rating in a research report on Saturday, July 18th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, SK hynix has an average rating of “Buy” and an average target price of $245.50.
View Our Latest Stock Analysis on SKHY
SK hynix Stock Down 0.7%
SK hynix (NASDAQ:SKHY – Get Free Report) last posted its earnings results on Wednesday, July 29th. The memory chip maker reported $8.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.12 by $3.64. The company had revenue of $52.83 billion for the quarter, compared to analyst estimates of $59.05 billion.
More SK hynix News
Here are the key news stories impacting SK hynix this week:
- Positive Sentiment: AI-storage partnership strengthens growth outlook: SK hynix and SanDisk unveiled the first open industry standard for high-bandwidth flash (HBF), designed to address AI data-storage bottlenecks. The technology targets capacities of up to 512GB and speeds of up to 3.0TB/s, with support from Google and Tenstorrent. Wider adoption could create a new growth avenue alongside high-bandwidth memory. SK hynix Inc. Stock: Rebounds as Sandisk Partnership Advances AI Storage SK hynix and SanDisk unveil first high-bandwidth flash standards
- Positive Sentiment: Analyst sees substantial upside: William Blair analyst Sebastien Naji describes SK hynix as the “memory leader for the AI era” and argues that the Sandisk collaboration could support an increase of as much as 80% in the stock, reflecting expectations for sustained AI-driven memory demand. Why SK Hynix Stock Can Surge 80% as Memory-Chip Maker and Sandisk Team Up
- Positive Sentiment: Potentially better entry point: Morgan Stanley upgraded Korean equities to Overweight, saying forced selling and a leverage washout may be losing momentum. That view could improve sentiment toward SK hynix and other AI-related semiconductor stocks. Micron, SanDisk, SK Hynix stocks: is Morgan Stanley’s Korea call a buy signal?
About SK hynix
SK hynix Inc is a South Korea-based semiconductor company that develops, manufactures, and sells memory products used in a wide range of electronic devices and computing systems. Its portfolio includes DRAM, NAND flash, and other memory solutions that support applications such as servers, PCs, mobile devices, and consumer electronics.
The company serves customers globally through the semiconductor supply chain and is recognized as one of the major memory chip producers in the industry.
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