Wedbush Raises SK Hynix Price Target Following Record Quarterly Earnings
Wedbush has increased its price target for SK Hynix (SKHY) to 3 million won, up from a previous target of 2.56 million won. This adjustment follows the South Korean chipmaker's report of record-breaking quarterly results, driven by robust demand in the semiconductor sector. The analyst cited several key growth drivers for the upgrade, including stronger-than-expected memory chip prices and rising shipment volumes. Additionally, Wedbush highlighted increased shareholder returns as a positive factor for investors. Following the announcement, SK Hynix's Korean-listed shares saw significant upward movement.
Tickers: $SKHYV
Topics: Memory Chips Semiconductors Stock Price Movement
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