Cantor Fitzgerald Sets $300 Target for SK Hynix, Projecting Over 100% Upside

Cantor Fitzgerald sets $300 price target for SK Hynix, citing AI-driven DRAM/HBM demand and supply deficits through 2029. Other banks also raise targets following the company's $26.5B ADR listing.

Woofun AI reports that Cantor Fitzgerald has established a $300 price target for SK Hynix, implying more than 100% upside from the $142.72 closing price. Analyst C.J. Muse projects that bit demand for DRAM and NAND will likely outstrip supply through at least 2029, driven by AI infrastructure buildouts. Major clients like Nvidia and Alphabet are securing capacity via multi-year contracts that include volume commitments and prepayments, thereby improving order visibility and profitability for memory chip makers.

Other institutions share this optimism: Bank of America, Stifel, and Royal Bank of Canada set targets of $250, $240, and $200 respectively. Royal Bank of Canada forecasts operating profit margins rising from 76% in Q2 to 86% next year. Stifel highlighted risks related to technological obsolescence and demand concentration among U.S. hyperscalers. SK Hynix’s ADRs began trading on Nasdaq on July 10, raising approximately $26.5 billion from 178 million shares.