$SK hynix(SKHY)$ Goldman Sachs is pushing back against the idea that the storage cycle is peaking, pointing to an 87.4% upside for SK Hynix. After an online meeting with SK Hynix management, they reaffirmed their Buy rating with a 12-month target of KRW 3,500,000 in a report released on September 22, 2026. With the stock currently at KRW 1,868,000, that's an 87.4% upside. Their view is that tight HBM and DRAM supply will persist, SK Hynix's pricing and margins will keep rising into 2027, and LTAs provide demand visibility.
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