JPMorgan Chase: SK Hynix's 15% stock price drop last week was an overreaction, maintain Overweight rating with a target price of KRW 2.75 million
JPMorgan Chase released a report on August 9, stating that SK Hynix's stock price fell by 15% last week, while the Kospi index fell by 5% and Samsung Electronics by 9% during the same period. This decline was driven by rumors of NVIDIA cutting HBM chip purchases, uncertainty regarding shareholder returns, and large-scale capital expenditures. Analyst Jay Kwon believes the market reaction is overdone, stating that "the worst is over" and expects stock sentiment to gradually improve in the medium term. He maintained an overweight rating on SK Hynix with a target price of 2.75 million Korean Won (for June 2027), still representing nearly 94% upside from last week's closing price. The report also explicitly stated that market rumors about SK Hynix pricing its 2027 HBM4 products at half the price of competitors are "inaccurate."
Source:华尔街见闻 · Source Link
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