Despite the recent ongoing pullback in the stock price, most Wall Street institutions remain firmly bullish on SanDisk. Among 29 analysts tracked by FactSet, 23 hold bullish views, and the consensus rating is close to a “strong buy.”
Here are several major bullish institutions and their core theses:
· Evercore ISI: The most aggressive bull, with a target price of $3,100. They believe the market is underestimating the durability of its earnings, and that AI demand will support the stock beyond 2027.
· Bernstein: Target price of $3,000. They are bullish on the structural changes from its long-term agreements (LTAs) model, believing it can significantly reduce exposure to cyclical volatility.
· Goldman Sachs: Target price of $2,200, rated “Buy.” They predict the August earnings report will be “very strong,” and that adjusted earnings in 2026 could exceed expectations by nearly 30%.
· Citigroup: Target price of $2,500, initiating a 90-day short-term watch. They believe NAND supply and demand tightness will persist through 2027.
· Wedbush: Target price of $2,000. They believe the memory industry is “in a very good position,” and that capacity constraints will keep demand strong.
In addition to the institutions above, Bank of America, Cantor Fitzgerald, and Susquehanna have also issued target prices of $2,500, $2,900, and $3,250, respectively.
$SNDKB
Here are several major bullish institutions and their core theses:
· Evercore ISI: The most aggressive bull, with a target price of $3,100. They believe the market is underestimating the durability of its earnings, and that AI demand will support the stock beyond 2027.
· Bernstein: Target price of $3,000. They are bullish on the structural changes from its long-term agreements (LTAs) model, believing it can significantly reduce exposure to cyclical volatility.
· Goldman Sachs: Target price of $2,200, rated “Buy.” They predict the August earnings report will be “very strong,” and that adjusted earnings in 2026 could exceed expectations by nearly 30%.
· Citigroup: Target price of $2,500, initiating a 90-day short-term watch. They believe NAND supply and demand tightness will persist through 2027.
· Wedbush: Target price of $2,000. They believe the memory industry is “in a very good position,” and that capacity constraints will keep demand strong.
In addition to the institutions above, Bank of America, Cantor Fitzgerald, and Susquehanna have also issued target prices of $2,500, $2,900, and $3,250, respectively.
$SNDKB