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KB Securities said its target stock price will remain at 4.2 million won even though SK Hynix recent..

KB Securities said its target stock price will remain at 4.2 million won even though SK Hynix recent..

KB Securities Co., Ltd. “Recent decline has not changed in the supply and demand environment of memory due to concerns”

Kwak No-jung, CEO of SK Hynix, holds up a plaque to commemorate the listing at the Nasdaq "Opening Bell" event held at the Nasdaq Market Site in New York on the morning of the 10th (local time).[Yonhap News]
Kwak No-jung, CEO of SK Hynix, holds up a plaque to commemorate the listing at the Nasdaq “Opening Bell” event held at the Nasdaq Market Site in New York on the morning of the 10th (local time).[Yonhap News]

KB Securities said its target stock price will remain at 4.2 million won even though SK Hynix recently fell more than 30% from its peak.

This is because it is predicted that the shortage of memory supply due to investment in artificial intelligence (AI) data centers by big tech companies will continue until at least 2028.

“In particular, the…

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