Morgan Stanley Cuts SK hynix Target 38% to ₩1.6M, Nomura Holds ₩4.7M: The 2028 Memory 'Earnings Cliff' Debate
Sell-Side Debate & Memory Cycle Published: 12 Nov 2026 | Morgan Stanley vs Nomura Price-Target Read-Through 📌 The 2028 "Earnings Cliff" Debate at a Glance Broker view Morgan Stanley SK hynix target ₩1.6M Cut 38% from ₩2.6M; Overweight kept Report Nov 9, via Yonhap, Nov 10 Broker view Nomura SK hynix target ₩4.7M Maintained; ~2.9x Morgan Stanley's Korea Herald, Nov 11 Company data SK hynix long-term agreements 14 customers >50% of projected 2027–28 capacity SK hynix Q3 results, Oct 28 The first two cards are broker opinions; the third is a company disclosure as reported by The Korea Herald. Two global banks looked at the same memory boom this month and came up with price targets nearly three times apart . On Nov 9, Morgan Stanley cut its SK hyn...