J.P. Morgan Chase said in the research report that some of the concerns have been amplified excessively by the market, and the most serious recent negative sentiment may have passed. The bank pointed out that in the next one to two months, the new shareholder return policy, HBM contract price, and Solidigm listing plan update will be the three key catalysts affecting SK Hynix's stock price. J.P. Morgan maintains SK Hynix's “gain” rating, with a target price of 2.75 million won in June 2027, based on a price-earnings ratio of 7 times the average earnings per share from 2026 to 2027. The main downside risks are still lower than expected DRAM prices and profit margins, and worsening terminal demand and inventory; if demand continues to exceed expectations and drive DRAM prices to rise further, it may form a new upward catalyst.

J.P. Morgan Chase said in the research report that some of the concerns have been amplified excessively by the market, and the most serious recent negative sentiment may have passed. The bank pointed out that in the next one to two months, the new shareholder return policy, HBM contract price, and Solidigm listing plan update will be the three key catalysts affecting SK Hynix's stock price. J.P. Morgan maintains SK Hynix's “gain” rating, with a target price of 2.75 million won in June 2027, based on a price-earnings ratio of 7 times the average earnings per share from 2026 to 2027. The main downside risks are still lower than expected DRAM prices and profit margins, and worsening terminal demand and inventory; if demand continues to exceed expectations and drive DRAM prices to rise further, it may form a new upward catalyst.