Wolfe Research reiterated its Outperform rating on SK Hynix with a $250 price target, citing strong demand for high-bandwidth memory used in AI infrastructure. Analyst Chris Caso sees upside from HBM pricing, increased memory production, and valuation at about 4.5 times bull-case earnings. Wolfe also estimates the company could repurchase 28% of its shares over two years under its projected shareholder-return policy.
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