Goldman Sachs analyst Shuhei Nakamura upgraded Kioxia Holdings to Buy from Neutral on May 31, 2026.
The price target for the company increased from 48,000 yen to 93,000 yen.
Nakamura expects a surge in NAND flash memory demand for AI servers to drive significant growth.
The research note indicates this trend will substantially boost corporate profits over the next several years.