Why Cantor Fitzgerald Is Betting SK Hynix Stock Can Soar to $300

Cantor Fitzgerald is betting SK Hynix’s stock could surge to $300, arguing the memory-chip boom tied to AI is only just getting priced in. SK Hynix (SKHY) made its U.S. debut on Nasdaq on July 10 via American Depositary Receipts, initially trading as SKHYV before switching to SKHY on July 14. The company priced the ADRs at $149, raising nearly $26.5 billion—reported as the largest first-time U.S. listing by a foreign firm. Cantor initiated coverage with an “Overweight” rating and a top $300 price target, the highest on Wall Street, while SK Hynix ramps investments for AI-driven memory demand.