Wall Street is optimistic that SK Hynix ADR will double its upside, Barclays gives it a target price of $330

On July 15, Wall Street believed that SK Hynix ADR still had room to nearly double. Barclays Bank analyst Simon Coles said the shortage of memory chips will last for a long time, giving SK Hynix ADR a target price of $330 per share. Barclays expects that the supply shortage in the memory chip industry will further intensify in 2027 and the improvement will remain limited by 2028, so tight supply and demand conditions are expected to continue in the next few years. The bank believes that the current memory chip sector stocks are "seriously undervalued." The bank also expects that by the end of 2027, SK Hynix's cash and cash equivalents will exceed 40% of the company's current market value, and expects the company to continue to expand the scale of share repurchases.