Wall Street analysts raise SK Hynix ADR targets on AI‑driven memory demand

At least six U.S. financial firms, including Bank of America, Barclays, Rosenblatt Securities, UBS, Cantor Fitzgerald and others, began coverage of SK Hynix’s American Depositary Receipts (ADR) with buy or overweight recommendations. The analysts cited strong AI infrastructure investment, a projected long‑term shortage of high‑bandwidth memory, and SK Hynix’s leading position in advanced DRAM as reasons the stock is undervalued. Target prices were lifted to as high as $330 (Barclays) and $320 (Rosenblatt), with other firms setting goals between $204 and $250. Following the reports, the ADR rose roughly 7‑8%, trading around $153‑$154 on the New York Stock Exchange.

The coverage reflects broader market expectations that AI‑related demand will boost memory chip earnings and cash flow, prompting investors to reassess the valuation of the South Korean chipmaker in U.S. markets.