Kioxia price target adjusted to ¥43334 after stock split; JPMorgan earnings forecasts unchanged
JPMorgan adjusted its price target for Kioxia to reflect a three-for-one stock split, maintaining its Overweight rating and earnings forecasts. The bank is positive on enterprise SSD demand, low costs and economies of scale from the joint venture, while highlighting NAND supply-demand and pricing risks.
J.P. Morgan ·