JP Morgan initiates coverage of SK Hynix ADR with an overweight rating and a $245 target for June 2027. Cites AI-driven sustained HBM and DRAM demand that may lengthen the memory cycle; SK Hynix's lead in HBM technology and customer share; and concurrent improvement in earnings, free cash flow and buyback/dividend capacity.

2026-09-11

JP Morgan initiates coverage of SK Hynix ADR with an overweight rating and a $245 target for June 2027. Cites AI-driven sustained HBM and DRAM demand that may lengthen the memory cycle; SK Hynix's lead in HBM technology and customer share; and concurrent improvement in earnings, free cash flow and buyback/dividend capacity.