JPMorgan initiated coverage of SK Hynix with an Overweight rating and a $245 price target for June 2027, but the shares fell 5.2% to $188.30 as rising oil prices revived inflation and interest-rate concerns across memory-chip stocks. The bank forecasts 34% compound annual EPS growth over the next two years and calculates potential total shareholder returns of nearly 42% from 2026 through 2028. Its thesis rests on artificial-intelligence demand for high-bandwidth memory, an industry upcycle lasting beyond five years, rising memory average selling prices through the fourth quarter of 2028 and long-term agreements covering more than half of SK Hynix's production capacity. Fourteen analysts have a collective price target of $247.67, with four Strong Buy, nine Buy and one Hold rating. SK Hynix's latest quarterly results included EPS of $8.48 on $51.19 billion in revenue, while its debt-to-equity ratio was 0.06, current ratio 2.59 and trailing price-to-earnings ratio 7.09.