According to CoinMeta, Wolfe Research reaffirmed its "outperform the market" rating for SK Hynix, setting a target price of $250. The reason is the strong demand for high-bandwidth memory ( HBM ) from artificial intelligence infrastructure. Analyst Chris Casso believes that the rising price of HBM , increased memory production, and the current attractive valuation could all contribute to upward momentum for the stock price. Currently, the stock is valued at about 4.5 times the expected earnings under an optimistic scenario. Wolfe Research also estimates that if SK Hynix implements its shareholder return policy as expected, the company's free cash flow over the next two years could be sufficient to repurchase shares equivalent to 28% of its total capital stock.