Woofun AI reports that UBS raised its target price for SK Hynix from 3 million won to 3.2 million won, maintaining a Buy rating based on a projected 3.65x price-to-book ratio. The bank highlighted the signing of revised long-term agreements for DDR5 and NAND Flash, with 60% to 70% of volume and price locked in, enhancing earnings visibility.

Woofun AI data shows that SK Hynix has begun shipping HBM4 for the Rubin platform in Q2, completing final design adjustments. UBS forecasts HBM's share of DRAM revenue will rise from 15% in 2026 to 58% by 2030. Consequently, operating profit forecasts were raised by 7% to 327 billion won for this year, and by 12% to 623 billion won and 667 billion won for the subsequent two years.