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

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