Korea Memory Sell-Side Board, Mid-June 2026: Targets Are Lagging the Tape
Every recent analyst target on Samsung (005930) and SK Hynix (000660), dated and ranked: SK Hynix street-high ₩3.8M with consensus now below spot, Samsung ₩850K high — the HBM4 supercycle quantified. Not investment advice.
TL;DR — Mid-June 2026 sell-side board for Korea memory: SK Hynix (000660) street-high ₩3.8M (KB/Shinhan/Mirae), consensus ~₩2.69M below the ~₩2.78M spot — targets lagging price. Samsung (005930) street-high ₩850K (Susquehanna), consensus ~₩427K, ~+20% to spot. Driver: structural HBM4 shortage into 2028. Not investment advice.
A consolidated, dated read of every recent analyst target on Korea's two memory names. The signal: target revisions are clustered, upward, and — for SK Hynix — trailing the tape.
Methodology & disclaimer
Compiled from analyst reports and market aggregators as of June 18–19, 2026 (sources linked throughout). For each brokerage we show its most recent target from April–June 2026; we exclude pre-April figures, which the rally has left far below the share price (e.g., Morgan Stanley's January Samsung target of ₩210,000 is now a fraction of spot). "vs. spot" is the implied move from the current price. Korean sell-side ratings on both names are near-universally Buy/매수 (a "—" means the rating wasn't stated in the cited report). This is a compilation for information only — not investment advice or a recommendation to buy or sell. Targets here change almost weekly, and several already lag the stock.
Snapshot
| Metric | Samsung Electronics (005930) | SK Hynix (000660) |
|---|---|---|
| Share price (~Jun 19) | ₩355,000 | ₩2,776,000 |
| Market cap | ~₩2,303T | ~₩1,902T |
| Consensus target (mean) | ~₩427,000 | ~₩2,690,000 |
| Street high | ₩850,000 (Susquehanna) | ₩4,000,000 |
| Street low | ₩205,000 | ₩1,030,000 |
| Analysts | ~37 | ~38 |
| Consensus vs spot | ~+20% | ~−3% (spot above mean) |
| 52-week range | ₩57,600–374,500 | ₩242,000–2,891,000 |
SK Hynix (000660) — recent targets, ranked
| Brokerage | Target | vs. spot | Rating | Date (2026) | KR/Intl |
|---|---|---|---|---|---|
| KB Securities | ₩3,800,000 | +37% | Buy | May 29 | KR |
| Shinhan Investment | ₩3,800,000 | +37% | Buy | May 28 | KR |
| Mirae Asset | ₩3,800,000 | +37% | Buy | May 27 | KR |
| NH Investment | ₩3,200,000 | +15% | Buy | Jun 8 | KR |
| Eugene Investment | ₩3,200,000 | +15% | — | May | KR |
| JPMorgan | ₩3,000,000 | +8% | Overweight | May 18 | Intl |
| SK Securities | ₩3,000,000 | +8% | Buy | May 7 | KR |
| Macquarie | ₩2,900,000 | +4% | Outperform | May 14 | Intl |
| iM Securities | ₩2,760,000 | -1% | — | May | KR |
| Hana Securities | ₩2,750,000 | -1% | — | May | KR |
| Hyundai Motor Securities | ₩2,650,000 | -5% | — | May | KR |
| Daishin Securities | ₩2,500,000 | -10% | — | May | KR |
| Susquehanna | ₩2,500,000 | -10% | Positive | Jun 1 | Intl |
| Nomura | ₩2,340,000 | -16% | Buy | Apr 25 | Intl |
| Daol Investment | ₩2,100,000 | -24% | — | Apr 24 | KR |
| LS Securities | ₩2,100,000 | -24% | — | May 11 | KR |
Samsung Electronics (005930) — recent targets, ranked
| Brokerage | Target | vs. spot | Rating | Date (2026) | KR/Intl |
|---|---|---|---|---|---|
| Susquehanna | ₩850,000 | +139% | Positive | Jun 1 | Intl |
| SK Securities | ₩610,000 | +72% | Buy | Jun 1 | KR |
| Nomura | ₩590,000 | +66% | Buy | May 18 | Intl |
| Mirae Asset | ₩550,000 | +55% | Buy | May 27 | KR |
| CLSA | ₩540,000 | +52% | Buy | Jun 2 | Intl |
| KB Securities | ₩530,000 | +49% | Buy | May 27 | KR |
| NH Investment | ₩530,000 | +49% | Buy | Jun 8 | KR |
| Goldman Sachs | ₩480,000 | +35% | Buy | Jun 1 | Intl |
| JPMorgan | ₩480,000 | +35% | Overweight | May 18 | Intl |
| Citi | ₩460,000 | +30% | Buy | May 12 | Intl |
| Daol Investment | ₩350,000 | -1% | Buy | Apr 8 | KR |
| Korea Investment | ₩330,000 | -7% | Buy | May | KR |
Read
- Revision velocity > price-discovery. KB: ₩2.0M → ₩2.8M → ₩3.8M inside two weeks (May). NH lifted both names again Jun 8. SK Hynix consensus (₩2.69M) prints below spot (₩2.78M): models are chasing.
- Dispersion is a freshness artifact. The ₩2.1–2.34M Hynix tail (Daol, LS, Nomura — Apr/early-May) is stale-by-weeks, not bearish; the live cluster is ₩3.0–3.8M.
- Samsung = the cleaner upside. Hynix spot ≥ mean target; Samsung mean (₩427K) implies ~+20%. Susquehanna's ₩850K is an explicit pair-trade long Samsung / cap Hynix at ₩2.5M on HBM4 leadership.
- Thesis: re-rating, not cycle. KB (Kim Dong-won): "The memory chip market is expected to remain in a supply shortage phase for at least the next two years through 2028." HBM ASP +~100% YoY; multi-year contracts → higher justified P/B.
- Catalyst: Nvidia Vera Rubin HBM4 certification (early June) — Hynix ~60–70% volume, Samsung ~25–30%; Hynix Q1 OP margin 72%.
- No cuts. Zero outright reductions May–Jun; consensus rating Strong Buy on both. Lone divergence: Susquehanna's Samsung-over-Hynix rotation.
FAQ
What are the street-high targets?
SK Hynix ₩3,800,000 (KB/Shinhan/Mirae, late May; aggregate high ~₩4.0M); Samsung ₩850,000 (Susquehanna, Jun 1).
Why is SK Hynix's consensus below its price?
Price has outrun revisions — the stock makes daily record highs while many targets date to April/May. The implied "−3%" to the mean reflects lag, not a sell signal; rating stays Strong Buy.
What's driving the upgrades?
A structural HBM/DRAM shortage projected into 2028, agentic-AI compute demand, ~+100% YoY HBM pricing, and Nvidia HBM4 certifications for the Vera Rubin platform.
Samsung or SK Hynix, per the sell-side?
Both Strong Buy. The one explicit preference (Susquehanna) favors Samsung on HBM4 capacity, capping Hynix upside at ₩2.5M — a rotation call, not a downgrade.
Is this investment advice?
No — a sourced, dated compilation for information only (mid-June 2026). Figures move weekly and some already lag spot; verify before acting.
Sources: analyst targets and revisions from Seoul Economic Daily (KB → ₩3.8M Hynix, NH agentic-AI raises), Investing.com, KED Global; prices and consensus from stockanalysis.com and MarketScreener.
Image: Inductiveload, public domain, via Wikimedia Commons.
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