投资者对人工智能 NAND 的反馈与常见问题-Global Technology-Investor Feedback and FAQs on AI NAND
2025-09-26 02:29
Valuation. Our Japan semiconductor analyst Kazuo Yoshikawa believes that 7.2x P/E (a 10% discount to the historical mid-cycle range for memory players) based on FY3/27e EPS remains a reasonable base case fair value for KIOXIA. His bull case target price is 8.0x P/E. On SanDisk, our US semiconductor analyst Joseph Moore considers 2x NTM book value per share ($140) a reasonable upcycle valuation scenario to aim for. And on the earnings front he sees a clear path to $10+ in EPS power, which should be enough to ...