Wedbush Raises SK hynix Price Target to 3 Million Won After Record Q3

After SK hynix reported record third-quarter results, Wedbush lifted its price target from 2.56 million won to 3 million won, pointing to higher shipment volumes, memory prices above expectations and increased shareholder returns.

SK hynix’s preliminary third-quarter revenue reached 104.6155 trillion won, while operating profit was 83.3338 trillion won. Both were quarterly records. The company also outlined about 100 trillion won in shareholder returns for 2026 in its third-quarter results and return plan. The preliminary results remain subject to an independent audit.

SK hynix American depositary shares trade on Nasdaq under ticker SKHY. Each share represents one-tenth of a common share.