Major Bank Rating | JPMorgan: Raises Kioxia target price to 80,000 yen
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Glonhui, May 18｜Several securities firms have significantly raised their target price for Japanese NAND giant Kioxia. JPMorgan raised Kioxia's target price from 38,000 yen to 80,000 yen; Citi Global raised its target from 31,000 yen to 73,000 yen; Nomura Securities raised its target from 51,000 yen to 68,000 yen. On the news front, Kioxia expects to achieve revenue of 1.75 trillion yen and 1.298 trillion yen in the second quarter this year, doubling from the first quarter.
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