Samsung and SK Hynix Target Prices Cut 30% on Memory Peak Fears

Kiwoom Securities and major Korean brokers slash target prices for Samsung and SK Hynix by ~30%, citing concerns that general-purpose memory chip demand has peaked.

Woofun AI reports that South Korean brokerage firms have significantly reduced target prices for Samsung Electronics and SK Hynix amid growing fears that general-purpose memory chip demand has peaked. Kiwoom Securities lowered its target for Samsung Electronics from 390,000 won to 350,000 won and for SK Hynix from 2.2 million won to 2.1 million won, while maintaining "buy" ratings. Other major firms, including Mirae Asset Securities, Shinhan Investment & Securities, and Samsung Securities, have also cut targets by approximately 30%.