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SK Hynix (SKHY) Stock: Declines Despite Bullish Wall Street Ratings and AI Memory Optimism

By Kelvin Munene at 2026-10-05 04:56

Sentiment: Positive

TLDR SK Hynix shares fell 2.17% to $151.03 despite positive analyst coverage. Six Wall Street firms initiated buy-equivalent ratings after the U.S. ADR listing. Analysts expect AI memory demand to support long-term growth in HBM chip sales. Cantor Fitzgerald and Rosenblatt set price targets of $300 and $320, respectively. SK Hynix plans to increase shareholder [...] The post SK Hynix (SKHY) Stock: Declines Despite Bullish Wall Street Ratings and AI Memory Optimism appeared first on CoinCentral. Continue reading...

Categories: Stocks

Tags: #Stocks #SK Hynix

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