Aletheia Capital Raises SK Hynix Price Target to 5.3M KRW ($3,500) on June 16

Aletheia Capital raised SK Hynix's price target to 5.3 million Korean won, equivalent to $3,500, on June 16, implying approximately 125% upside from current levels. The upgrade is based on a 10x forward 2027 free cash flow and 10x price-to-earnings valuation multiple, driven by surging AI hardware memory demand and expected sustained DRAM average selling price increases through 2027. The target is significantly higher than market consensus of 2.6-2.7 million Korean won.
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