UBS initiated coverage on SK hynix’s U.S.-listed American Depositary Receipts (ADRs) with a buy rating.
The bank set a price target of $204.00 for the stock. Analysts expect agentic AI to significantly boost memory chip demand through 2027.
UBS identified the recent stock pullback as an attractive entry point for investors. The ADRs currently trade below their initial offering price.
The bank argues current valuations overlook structurally higher memory profitability and strong free cash flow. This new coverage of the U.S. listing complements the firm’s existing analysis of SK hynix’s South Korean shares.