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 5

2026-07-21

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.