BofA raised the firm’s price target on SanDisk (SNDK) to $1,080 from $900 and keeps a Buy rating on the shares. NAND pricing is up “massively” and the firm sees a longer cycle this time around given a mix shift to data centers, NAND demand from AI inferencing, which it views as sustainable in the medium-term, and NAND suppliers being rational and adding supply “judiciously,” the analyst tells investors.
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