UBS raises DRAM and NAND price forecast, with Kaixia Holdings' target price rising to 144000 yen

UBS has raised its DRAM and NAND price forecast for the tenth consecutive month, raising its price forecast for the quarter ending September from a 16% month on month increase to 32%, and for the quarter ending December from a 10% increase to 12%. UBS has raised its operating profit forecast for Kaixia Holdings for the 2027 fiscal year from 7.71 trillion yen to 9.18 trillion yen, and for the 2028 fiscal year from 10.9 trillion yen to 12.9 trillion yen. The target price has also been raised from 132000 yen to 144000 yen, maintaining a buy rating.