Wolf Research reiterated an Outperform on SK Hynix and set a $250 price target,
citing strong AI infrastructure-driven demand for high-bandwidth memory (HBM).
Analyst Chris Kasso said rising HBM prices, increased memory production and an
attractive current valuation — the stock trades at roughly 4.5x earnings implied
by Wolf’s optimistic case — could drive upside. Wolf estimates that if SK Hynix
executes its expected shareholder-return plan, projected free cash flow over the
next two years could fund buybacks equivalent to about 28% of shares
outstanding.