On August 27, SK hynix rose 3.34% in pre-market trading, trading at $164.67/share, with turnover of approximately $7.32 million. On the news front, NVIDIA's quarterly revenue guidance broke the $100 billion threshold for the first time, with the strong business outlook driving memory concept stocks broadly higher.
Bank of America maintained a \"Buy\" rating on SK hynix with a target price of $250, emphasizing storage supply shortages, increasing long-term agreements, and high profit margins as key investment themes. The bank expects SK hynix to deliver approximately 30 trillion won in dividends on top of its 40 trillion won stock buyback plan, with a dividend-to-buyback ratio of roughly 40:60. Additionally, Needham raised its target price from $200 to $220, with multiple positive catalysts reinforcing bullish market sentiment.
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