[비즈한국] SK Hynix's stock price has been soaring day after day. SK Hynix's stock closed at 651,000 won on December 30 last year, but surged to 2,333,000 won by May 29 this year. Major domestic securities firms generally expect the stock price of SK Hynix to rise further. Some firms have even set a target price of 3.8 million won for SK Hynix. The securities industry is closely watching whether SK Hynix's upward trend will continue.
Mirae Asset Securities set a target price of 3.8 million won for SK Hynix on May 27. This suggests an outlook that the stock will rise by more than 50% from its current price. Kim Young-gun, a researcher at Mirae Asset Securities, stated, "The pace at which big tech's data center (DC) order backlogs are increasing is exceeding the pace of CAPEX (capital expenditure) growth," adding, "It appears that memory LTA (long-term agreements) for stable facility investment are expanding."
Researcher Kim continued, "It is highly likely that a new standard for expectations will be formed as we head into the second half of the year, taking into account next year's valuation," and added, "While the stock price level has risen significantly in absolute terms, we believe there is still sufficient room for further growth."
KB Securities also presented a target price of 3.8 million won for SK Hynix. Kim Dong-won, a researcher at KB Securities, analyzed, "We believe that the memory supply shortage in 2027 will be even more severe than in 2026, leaving room for further memory price increases," and "Considering the current client demand for 2027, next year's memory demand growth rate is expected to reach 20%."
Researcher Kim Dong-won added, "If you compare the memory semiconductor industry to a marathon, we have only just passed the 5km mark," and stated, "With earnings upgrades and valuation growth unfolding simultaneously, the full-fledged race for SK Hynix's stock price is just beginning."
Korea Investment & Securities is another firm that set the target price for SK Hynix at 3.8 million won. Chae Min-sook, a researcher at Korea Investment & Securities, explained, "We have set a target PBR (Price-to-Book Ratio) of 6 times based on an average ROE (Return on Equity) of 60% from 2026 to 2029," adding, "We believe memory semiconductors are being re-evaluated not merely as commodities, but as core assets for AI infrastructure."
As such, the securities industry generally expects SK Hynix's stock price to continue rising. Bolstered by this sentiment, SK Hynix is also accelerating its business operations. However, some suggest that the current stock price is the result of an overheated market and may decline in the near future. Attention is focused on whether SK Hynix's stock price will break through the 3 million won mark as the market expects, or if it will shift toward a downward trend.