Wolfe Research Reiterates "Outperform" Rating on SK Hynix with a $250 Price Target BlockBeats reported on October 28th that Wolfe Research reiterated its "Outperform" rating on SK Hynix with a $250 price target, citing strong demand for high-bandwidth memory (HBM) used in artificial intelligence infrastructure. Analyst Chris Cassel believes that upside potential in HBM pricing, increased memory production, and an attractive valuation of approximately 4.5x bullish scenario returns will provide potential upside. Wolfe also estimates that, assuming its projected shareholder return policy, SK Hynix can generate sufficient free cash flow to repurchase 28% of its shares within two years.