SanDisk initiated with a Positive at Susquehanna on ‘attractive valuation’

As previously reported, Susquehanna initiated coverage of SanDisk (SNDK) with a Positive rating and $70 price target following the company’s spinoff from Neutral-rated Western Digital (WDC). Noting that Western still holds about 20% of the shares, the firm says its FY25 and FY26 EPS estimates are above consensus, though it is below consensus for FY27. Despite volatile macro trends and uncertainties associated with tariffs, the firm’s Positive rating reflects an “attractive valuation,” the analyst tells investors.