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Mirae Asset Raises SK Hynix Target to 3.2M Won on May 18, Citing AI Demand

GateNews
Stocks

According to Mirae Asset Securities, the brokerage raised its target price for SK hynix to 3.2 million won (US$2,100) on May 18 while maintaining a buy rating, citing stronger NAND flash pricing. The upgrade was driven by higher average selling prices for NAND memory used in data center SSDs, supported by robust AI server demand. The firm estimates SK hynix could post 6.7 trillion won (US$4.52 billion) in operating profit in the second quarter.

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