Despite Kioxia’s share price having halved, analysts remain bullish on the stock, with their target price 130% higher than the current share price.
2026.07.21 08:50:05
Despite the stock’s sharp, ongoing pullback, analysts maintain a bullish outlook on Japanese storage chip maker Kioxia, expecting its shares to resume their upward trend as supply-demand conditions improve. Currently, analysts’ average target price for Kioxia stands at 121,959 yen, 130% higher than its current share price. Kioxia’s stock fell to 52,110 yen last Friday, half of its all-time high set less than a month ago. Kazuyoshi Saito, senior analyst at Iwai Cosmo Securities, said: “Fundamentals have not changed at all. Backed by strong AI demand, the company’s solid profitability and growth prospects remain intact.” He set a target price of 132,000 yen, adding: “Once supply-demand distortions caused by factors like Korean ETFs ease, positive drivers including strong performance will push the stock higher.” (Jin10)
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