SK Hynix Q2 Profit Forecast Cut 12% as Analyst Maintains Buy Rating
2026-07-16 08:56

Woofun AI reports that Future Asset Securities analyst Young-gun Kim views the recent SK Hynix price decline as a buying opportunity, attributing the weakness to a sharp cooldown in sentiment regarding second-quarter earnings and the ADR listing. The firm has reduced its Q2 operating profit forecast by 12% while retaining a buy rating and a target price of 4,200,000 Korean won. Kim noted that storage chip spot prices remain robust and reserve order growth is expected to continue without significant deceleration.

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Young-gun Kim
Future Asset Securities
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