Woofun AI reports that Goldman Sachs raised the 12-month target price for Kioxia Holdings to 116,000 yen while maintaining a Buy rating. The bank attributes this adjustment to tight NAND supply-demand dynamics driven by AI data center construction, projecting price increases to continue until mid-2027 or later in certain segments.

Goldman Sachs increased Kioxia's operating profit and EPS forecasts for FY3/27 through FY3/29 by up to 29%. The report highlights that major manufacturers are prioritizing DRAM capital expenditures, delaying significant NAND capacity expansion until 2028. Kioxia is expected to benefit from its cost competitiveness and growing data center product portfolio, though risks include AI investment slowdowns and currency fluctuations.