Kioxia Stock Falls 50% in One Month, But Analysts Raise Price Target 130% Above Current Level

According to Bloomberg, on July 21, Kioxia stock fell 50% in one month amid concerns over AI investment sustainability and memory chip price pressures, yet Japanese analysts maintained optimistic outlooks. Analysts' average price target stands at approximately 121,959 yen (about $840), roughly 130% above the stock's close on July 17 at 52,110 yen, making Kioxia the largest valuation gap among Japan's TOPIX 100 companies. Nomura Securities raised its target to 126,000 yen, citing expectations of sustained NAND flash supply shortages supporting prices. Most analysts attributed the recent selloff to technical factors—including flows from Korean leveraged ETFs and margin call liquidations—rather than fundamental deterioration, with strong AI demand and tight semiconductor supply remaining intact.
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