ADEKA's target price was raised by SMBC Nikko, with reports saying that expansion in materials for advanced DRAM will support continued earnings growth. The apparent rationale behind the experts' assessment is the expansion of the company's advanced materials business.
SMBC Nikko is reported to have raised its target price for ADEKA. The expansion of materials for advanced DRAM is cited as the reason for the higher valuation.
The report says that earnings growth is expected to continue as materials for advanced DRAM expand.