Target Price Raised to 840,000 Won... SK Hynix Hits 600,000 Won Mark [Market Focus]

SK Hynix reached an all-time high during trading, hitting 600,000 won.

Yonhap News Agency

As of 10:31 a.m. on November 3, SK Hynix was trading at 598,000 won, up 39,000 won (6.98%) from the previous trading day. During the session, the stock rose as much as 7.33%, reaching 600,000 won.

Recently, Nomura Securities raised its target price for SK Hynix from 540,000 won to 840,000 won. The firm projected that the memory supercycle will continue through 2027. It also forecasted SK Hynix's operating profit at 99 trillion won in 2026 and 128 trillion won in 2027, respectively.