Wolfe Research Reiterates "Outperform" Rating on SK Hynix, with a Price Target of $250. Golden Finance reports that on October 28th, Wolfe Research reiterated its "Outperform" rating on South Korean memory chip manufacturer SK Hynix, with a price target of $250. Analyst Chris Caso cited strong demand for high-bandwidth memory (HBM) for artificial intelligence infrastructure as the reason. Three factors support this judgment: rising HBM prices, increased memory production, and attractive current valuation. The stock is currently valued at approximately 4.5 times its expected earnings under an optimistic scenario. Wolfe Research also estimates that if SK Hynix implements its shareholder return policy as planned, the company's free cash flow generated over the next two years will be sufficient to support a share buyback equivalent to 28% of its total share capital.