[Goldman Sachs: SK Hynix Target Price 3.5 Million KRW, HBM Pricing Uptrend] According to Deep Tide TechFlow, citing research from Tide Research, Goldman Sachs stated in a report dated September 22, 2026, that SK Hynix's 12-month target price is 3,500,000 KRW, with the current price at 1,868,000 KRW, representing an upside potential of 87.4%. Goldman Sachs expects the revenue contribution of HBM4 to increase, with the average selling price (ASP) and profit margin of HBM in the second half of the year rising compared to the first half. It also forecasts that HBM ASP will continue to rise in 2027. Goldman Sachs believes that the tight supply of HBM and DRAM will persist, and long-term agreements (LTA) provide visibility into demand, reiterating a buy rating. It recommends monitoring HBM pricing and LTA coverage progress.