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Wall Street is optimistic about the upside potential of SK Hynix ADR, saying the storage chip shortage may persist
1 week ago /
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Author：小编
Analysts at Barclays stated that the shortage of storage chip supplies will persist for a long time, further intensifying by 2027 with limited improvement expected by 2028. They noted that stocks in the storage chip sector are currently significantly undervalued. The bank believes that SK Hynix ADR still has nearly double the upside potential in its stock price, setting a target price of $330 per share. It is expected that by the end of 2027, SK Hynix's cash and cash equivalents will exceed 40% of its current market capitalization, and the company will continue to expand its stock repurchase program.
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