According to Citigroup, on June 26, the bank raised the target price for Kioxia Holdings shares from 73,000 yen to 140,000 yen and maintained a “Buy” rating with a high-risk classification, citing strong demand for enterprise SSDs and continued tight NAND memory supply. Citigroup estimates that Kioxia shares have a total return of approximately 35% from their closing price on June 25 of 103,850 yen. The bank expects the NAND memory market shortage to continue until 2027, driven by strong demand from servers and data centers. Citigroup expects Kioxia’s operating profit margin for the fiscal year #SKHynixTopsKOSPIByMarketCap

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