On Thursday (November 20), the target stock price of SK Hynix, a South Korean global memory chip behemoth, saw an upward revision. KB Securities, a premier integrated investment bank in South Korea, reaffirmed a 'buy' recommendation for SK Hynix in its most recent report, setting a lofty target price of KRW 870,000—a substantial leap from its prior projection. KB Securities outlined two primary drivers behind this price hike: First, it anticipates that by 2027, the DRAM market will transition into a 'supplier-dominated' scenario, bolstering SK Hynix's pricing clout in both HBM and mainstream DRAM products. Second, since the internet's widespread adoption in 1995, memory demand has embarked on its first boom cycle in three decades, with SK Hynix poised to directly capitalize on the price surges in memory offerings. KB Securities forecasts that SK Hynix's fourth-quarter revenue will soar to KRW 28.1 trillion, accompanied by an operating profit of KRW 15.1 trillion, both marking unprecedented highs. Lately, numerous international investment banks have similarly upped their target prices for SK Hynix.