Bernstein analyst Mark Newman raised the target price for SanDisk Corp. (NASDAQ:SNDK) to $1,250, implying about 47% upside from current levels, citing stronger-than-expected NAND pricing trends.
Why Newman Is Bullish
Newman maintained an Outperform rating on the stock, according to a report by Investing.com. Newman maintained an Outperform rating, saying concerns around TurboQuant were “overdone,” while NAND memory pricing continues to exceed expectations.
According to the firm’s March memory tracker, pricing momentum has accelerated, with NAND leading and consistently surprising to the upside.
The firm raised its fiscal 2027 non-GAAP EPS estimates to $144 in a base case and $224 in a bull case.
The $1,250 price target reflects roughly 8.7x base-case EPS, while Bernstein’s broader valuation framework applies an 11x multiple to projected average earnings of …
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