Citibank has raised its target price for SK Hynix to 3.1 million KRW, up from 1.7 million KRW, while maintaining a 'Buy' rating. The bank's report highlights expected strong growth in DRAM average selling prices and better-than-anticipated HBM price increases in the latter half of 2026. A projected 30% quarter-over-quarter rise in HBM pricing in Q4 2026 is anticipated to benefit SK Hynix, driven by the HBM product mix effect and robust DRAM pricing, supported by Anthropic's recent token limit expansion.