SOXX stock price forecast aligns with rising DRAM and NAND contract prices. Sector recovery could extend gains toward $245 if demand trends hold. Earlier this month Goldman Sachs analyst Kash Rangan reiterated his firm’s buy rating on data warehousing provider Snowflake (NYSE: SNOW ) and its $220 per share price target. The stock was added to the investment banking firm’s conviction buy list. Weights below 0.005 are disregarded. For instance, after multiple recursive applications, if ω time weight, d −10 = 0.003 < 0.005, data for dates on or before d −10 are excluded from consideration. SOXX daily chart suggests a technical base forming around the $220–$225 zone, with RSI trending upward. Traders anticipate a possible breakout if semiconductor index maintains above trendline support.