Bernstein raised the firm’s price target on SanDisk (SNDK) to $1,700 from $1,250 and keeps an Outperform rating on the shares. The firm notes Sandisk reported Q3 results with a strong beat and guide. Stock was down post market on the back of +3,264% one year move. Bernstein highlights that Sandisk delivered a broad-based beat in Q3, and Q4 EPS guidance is conservative and reflects new long-term agreements.
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