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Sandisk Shares Slip Friday After Record Run Fueled By AI Memory Trade - SanDisk (NASDAQ:SNDK)
Bernstein lifted its earnings forecast 58% and said SanDisk could gain about 50% as AI-driven NAND prices keep rising.
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Sandisk Shares Slip Friday After Record Run Fueled By AI Memory Trade - SanDisk (NASDAQ:SNDK)
SanDisk Corp (NASDAQ:SNDK) shares are trading marginally lower Friday even after Bernstein lifted its target to $1,250, about 47% upside, and argued the NAND upcycle is being underestimated. Friday’s dip comes as traders weigh whether a projected 40% sequential jump in average selling prices can keep powering earnings into the April 30 print, as laid out in stronger-than-expected NAND pricing commentary. SanDisk stock is showing positive moment…
Analyst’s $1,250 Call Makes Sandisk the AI Boom's Pure-Play NAND Winner
The post Analyst’s $1,250 Call Makes Sandisk the AI Boom’s Pure-Play NAND Winner appeared first on 24/7 Wall St.. Quick Read Sandisk (SNDK) raised price targets to $1,250 (Bernstein) and $1,000 (Cantor Fitzgerald) on stronger-than-expected NAND flash pricing; Q2 revenue surged 61% year over year to $3.03B with data-center revenue jumping 76% and gross margins expanding toward 50%. Micron Technologies (MU) posted Q1 DRAM revenue of $10.8B, up 6…
The advance of SanDisk (SNDK) in the last twelve months has exceeded 2.000%, in a movement that has coincided with an accelerated rebound in memory prices and an increasing demand linked to artificial intelligence, while the analysis firms review upwards their forecasts.See more: How much is all the gold in the world worth?This is the market that competes with bonds and currenciesThe shares quoted around US$858 after an increase of close to 2.60…
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