Cantor Fitzgerald: SK Hynix ADR share price could double in the next 12 months, with a target price of $300.

According to CNBC, SK Hynix has been covered by multiple Wall Street investment banks following its U.S. listing. Cantor Fitzgerald set a $300 price target for the stock, implying over 100% upside from its Monday closing price of $142.72, citing expectations that AI infrastructure construction will continue to drive demand for DRAM, NAND, and HBM. Cantor analyst C.J. Muse noted that bit demand for DRAM and NAND is likely to significantly outpace supply through at least 2029. Clients including NVIDIA and Alphabet are locking in production capacity via multi-year contracts, with some agreements covering purchase volumes, price ranges, advance payments, and default clauses—boosting the profitability and order visibility of memory chip makers. Other investment banks also hold a positive outlook on SK Hynix, with Bank of America, Stifel, and Royal Bank of Canada setting price targets of $250, $240, and $200 respectively. Royal Bank of Canada projects the firm’s operating margin will rise to 86% next year from 76% in the second quarter. Stifel cited key risks including product obsolescence due to technological iteration and over-concentration of demand among a small number of U.S. hyperscale cloud service providers. SK Hynix’s American Depositary Receipts (ADRs) began trading on a when-issued basis on the Nasdaq on July 10. According to Bank of America data, the firm raised approximately $26.5 billion by selling 178 million shares.