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<Research> JPM Raises SK Hynix (000660.KS) TP to KRW1.8M, Rates Overweight
JPMorgan issued a report stating that SK Hynix (000660.KS) delivered 1Q results in line with expectations, and managements strong confidence in a long-term upcycle in memory left ...
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<Research> JPM Raises SK Hynix (000660.KS) TP to KRW1.8M, Rates Overweight
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JPMorgan issued a report stating that SK Hynix (000660.KS) delivered 1Q results in line with expectations, and managements strong confidence in a long-term upcycle in memory left the bank with a positive impression of the earnings performance.

The report noted that key messages from SK Hynix management include that memory has become an essential component for autonomous artificial intelligence, and that demand for HBM will exceed supply over the next three years. Given a more optimistic pricing outlook, the bank raised its EPS forecasts for fiscal years 2026 to 2028 by 1419% and increased its TP from KRW1.55M to KRW1.8M, maintaining an Overweight rating. Based on the thesis of a "longer and stronger cycle," the bank remains constructive on the stock and recommends investors to accumulate positions gradually. (ha/w)

Related News Citi Raises S Korea's Econ Growth Forecast to 2.9%, Lifts KOSPI TP to 8,500

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