Meritz raises target for SK Hynix stock to 3.2 million won

Published on 10/12/2026 at 10:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter operating profit is projected at KRW 80.10 trillion. SK Hynix stock costs EUR 1,075.00 on October 12, 2026 versus EUR 1,080.00.

Key points in brief

Meritz Securities raised its SK Hynix target from KRW 3.10 million to KRW 3.20 million on October 12, 2026.
The broker projects third-quarter operating profit of KRW 80.10 trillion, up 32.00 percent quarter over quarter.
SK Hynix stock was at EUR 1,075.00 at Lang & Schwarz on October 12, 2026, EUR 5.00 below the Xetra close.
Second-quarter revenue reached KRW 79.30 trillion and operating profit KRW 60.50 trillion.

SK Hynix, US78392B1070, Illustration mit AI erstellt.

Meritz Securities raised its target for SK Hynix stock from KRW 3.10 million to KRW 3.20 million on October 12, 2026, according to Financial News. The broker kept its Buy rating and projects third-quarter operating profit of KRW 80.10 trillion, 32.00 percent above the second-quarter level.

Three earnings milestones

On July 29, 2026, SK hynix reported second-quarter revenue of KRW 79.30 trillion, up 51.00 percent from the first quarter, while operating profit reached KRW 60.50 trillion, up 61.00 percent quarter over quarter, according to Yahoo Finance. On October 1, 2026, the same transcript detailed the companys HBM4 mass production shipments and a second-quarter operating margin of 76.00 percent.

On October 7, 2026, IBK Investment and Securities maintained a KRW 4.00 million target, while its third-quarter operating margin estimate reached 78.40 percent, according to Financial News. Meritzs newer KRW 3.20 million target therefore sits below that earlier estimate but above the current euro quotation after currency and venue differences are considered.

When are the next results due?

SK Hynix is scheduled to report third-quarter results as early as October 28, 2026, according to BigGo. The consensus cited there points to revenue of KRW 98.53 trillion and operating profit of KRW 77.17 trillion, with a projected operating margin of 78.30 percent.

The forecast rests on stronger memory pricing and shipments, but currency remains a counter-factor. SK hynix said second-quarter cash and short-term investments totaled KRW 88.00 trillion, while interest-bearing debt stood at KRW 18.60 trillion, according to Yahoo Finance. That balance sheet gives the company room to fund capacity expansion while maintaining shareholder returns.

Stock stays below the Xetra close

At 10:16 a.m. CEST on October 12, 2026, SK Hynix stock was trading at EUR 1,075.00 at Lang & Schwarz, EUR 5.00 or 0.46 percent below the Xetra close of October 9, 2026 at EUR 1,080.00. The 52-week range was EUR 242.00 to EUR 1,725.00, and the market capitalization was EUR 759.5 billion as of October 12, 2026.

The further course of trading is shown by the continuously updated real-time quote of SK Hynix stock.