Goldman Sachs analyst James Schneider raised the firm’s price target on SanDisk (SNDK) to $1,200 from $700 and keeps a Buy rating on the shares. Despite an initial 6% decline, SanDisk is expected to eventually trade higher after a significantly better-than-Street quarter and outlook, supported by already elevated expectations tied to strong pricing, tight supply-demand conditions, and rising datacenter SSD demand, the analyst tells investors in a research note.
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