Wolfe Research boosted its price target on SK Hynix to $250 from $200. The firm maintained an Outperform rating. It cited rising DRAM and NAND spot prices. Wolfe Research also projected strong free cash flow generation. This suggests SK Hynix could repurchase shares. The potential repurchase amounts to about 32% of its market value in 2026 and 2027.
SK Hynix shares fell in pre-market trading on September 24th, despite the bullish analyst report. The decline reflected a wider sell-off in the technology sector. Rising 10-year Treasury yields drove this market downturn. Inflation concerns also contributed. These factors pressured growth stocks.