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SanDisk Corporation (NASDAQ:SNDK) shares are surging Thursday. Investors are positioning themselves ahead of the company’s fiscal third-quarter earnings report. The announcement is scheduled for after the closing bell on Thursday.
Analyst Notes Strengthening NAND Market
Wedbush analyst Matt Bryson highlighted a bullish outlook for the memory sector in a Wednesday note. Bryson set a price target of $1,200 for SNDK. He noted the company is “successful in lifting pricing at a faster rate than the broader industry.”
Pricing Beats Initial Guidance
Earlier guidance suggested a 55% pricing increase for the quarter. However, analysts now forecast a 65% uplift. Bryson noted that …
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