Goldman Sachs Raises Kioxia Price Target to 116,000 Yen, Lifts Profit Forecasts by 9%-29%

According to BlockBeats, Goldman Sachs raised its 12-month price target for Japanese NAND flash maker Kioxia Holdings to 116,000 yen on July 1, maintaining a buy rating. The investment bank increased its fiscal year 3/27 through 3/29 operating profit forecasts by 9%, 19%, and 29% respectively, with EPS raised by the same percentages. Goldman Sachs expects NAND average selling prices to surge significantly in 2026 and rise 38% in 2027, exceeding its previous 27% forecast, as AI data center demand continues outpacing supply expansion.
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