Wall Street Races to Lift Targets on Japan’s Chip Darling Kioxia

Wall Street firms are doubling their price targets on Kioxia Holdings after the memory-chip maker issued a stronger-than-expected outlook. The revision signals improving fundamentals and higher earnings expectations for the Japanese chip company. The news is positive for Kioxia shares and could modestly support the broader memory-chip group.

Analysis

Wall Street firms are doubling their price targets on Kioxia Holdings after the memory-chip maker issued a stronger-than-expected outlook. The revision signals improving fundamentals and higher earnings expectations for the Japanese chip company. The news is positive for Kioxia shares and could modestly support the broader memory-chip group.