UBS Predicts SK Hynix Stock Could Reach $204 Amid NAND Memory Uncertainty

SK Hynix (NASDAQ: SKHY) is a South Korean semiconductor giant that entered the US stock market on July 10, 2026, at a launch price of $150 under its American Depositary Receipt. Its share price reached a high of $194 just days after its debut but has since fallen to $143 due to increased volatility and a potential supply crunch in the NAND memory industry.

The AI industry faced massive corrections when SK Hynix entered the market, causing its price to drop to $124 last week. However, reports indicate that NAND memory could ease the supply crunch in late 2026 and 2027, which could send stocks like SanDisk and Micron plummeting. Traders are both optimistic and fearful of taking an entry position due to a narrowing risk-to-reward ratio.

UBS' financial analyst Nicolas Gaudois has provided a price prediction for SK Hynix stock, forecasting that it could reach $204 next, a profit of nearly $61 per share if traders take an entry position today. This makes the equity a prime asset capable of generating double-digit gains.