Barclays Forecasts SK Hynix U.S. Shares Could Surge 100% in a Year

After its recent Nasdaq debut, Barclays analysts project that SK Hynix’s U.S.-listed shares could more than double over the next twelve months. The firm initiated coverage of the South Korean memory manufacturer with an overweight rating and set a price target of $330, compared with the current price near $167. The primary growth driver is the ongoing shortage of memory across the technology sector, which is expected to support price increases and enhance revenues. “We expect modest near‑term improvements in gross margins, but the most significant divergence from Bloomberg consensus stems from substantially higher 2027 revenue expectations, driven by an uplift in HBM pricing and SK Hynix’s strong market position,” noted Simon Coles of Barclays in a Tuesday client note. Additionally, the company’s robust balance sheet could enable share repurchases, potentially further boosting the stock price. Coles estimates that SK Hynix will hold cash equivalent to more than 40% of its market capitalization by the end of 2027, providing ample opportunity for earnings growth through buybacks.

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