Citi forecasts Samsung’s 2026 operating profit at $173.9B (KRW 251 trillion) and set a target price of KRW 280,000. Citi also expects 2026 global DRAM/NAND ASP growth (forecast) to reach +171% / +127% YoY (vs. its previous estimates of +120% / +90%). The outlook is even stronger for the server segment. Citi forecasts 2026 server DRAM and SSD ASP growth at +290% / +153% YoY.