Bank of America sees an intense future ahead for Sandisk. The bank kept its buy score on the flash memory items maker and treked its cost target to $230 per share from $125. This upgraded projection suggests an approximately 18% upside from where shares of Sandisk closed on Tuesday. Sandisk was spun off from Western Digital on Feb. 24 and noted on the Nasdaq at $36 per share. The stock has actually popped 440% ever since. SNDK YTD mountain SNDK YTD chart Regardless of this rally, Bank of America expert Wamsi Mohan believes that Sandisk’s appraisal still looks reasonable at its present levels. “We anticipate the cost to BV numerous to rerate from 0.8x-2x to 3x-4x for the next couple of years on greater earnings development with all-time high success levels,” he composed. “Our company believe SNDK shares will rerate to a minimum of 3-4x book worth provided a really strong memory cycle.” Mohan highlighted need from information centers can be found in greater than formerly anticipated. This is starting to meaningfully affect rates, the expert composed. At the exact same time, anticipated medium-term undersupply of disk drive is driving greater need for improved solid-state drives, Mohan composed. The expert likewise highlighted his increased self-confidence in Sandisk’s growing penetration of stated improved solid-state drive market. “We design continual double-digit Cloud end-market bit development (the same) in C26 & & C27 & anticipate SNDK to get market share,” he composed. “Offered the near-term NAND rates patterns we do anticipate significant near-term beats in earnings, gross margins, & & EPS however anticipate bigger magnitude modifications after 2H2026 when BiCS8 based eSSDs begin to take share for SNDK.”
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