Analysts remain bullish on Japan’s memory-chip maker Kioxia despite a sharp
price correction, citing intact fundamentals and strong AI-driven demand. The
mean analyst target is 121,959 JPY, roughly 130% above the current share price.
Kioxia fell to 52,110 JPY last Friday, about half its record high from under a
month ago. Iwai Cosmo Securities senior analyst Kazuyoshi Saito sets a 132,000
JPY target, saying fundamentals are unchanged and that easing of supply-demand
distortions tied to factors such as Korean ETFs would allow robust earnings and
AI demand to lift the stock.