Wolfe Research reiterates SK Hynix at "Outperform" with a $250 price target.

October 28: Wolfe Research has reiterated its Outperform rating on SK Hynix with a price target of $250, citing strong demand for high-bandwidth memory (HBM) used in artificial intelligence infrastructure.

Analyst Chris Caso believes that the upside potential in HBM pricing, increased memory production, and an attractive valuation at approximately 4.5 times bull-case earnings will provide potential upside.

Wolfe also estimates that, assuming its projected shareholder return policy, SK Hynix can generate sufficient free cash flow to repurchase 28% of its shares within two years.