DexCom earnings beat by $0.03, revenue topped estimates
Investing.com - CLSA raised its price target on SK Hynix (KS:000660) to KRW375,000 from KRW350,000 on Friday, while maintaining a High-Conviction Outperform rating on the stock.
The research firm cited strong artificial intelligence demand and low customer inventories as key factors supporting its positive outlook for the memory chip manufacturer.
CLSA noted that despite significant demand pull-in during the first half of the year, SK Hynix does not anticipate a sharp correction in second-half demand, with the company accelerating capital expenditure to meet expected future requirements.
The firm increased its 2026/2027 operating profit forecasts for SK Hynix by 10% and 18% respectively, while raising its target multiple to 1.8x 2026 book value from 1.7x previously.
SK Hynix is currently negotiating with customers regarding HBM4 pricing, aiming to maintain current profitability levels for its high bandwidth memory products despite increased production costs related to advanced features.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.