Cantor Fitzgerald raised the firm’s price target on SanDisk (SNDK) to $1,800 from $1,400 and keeps an Overweight rating on the shares. SanDisk announced a major NAND industry shift through long-term “New Business Model” contracts that secure significant bit commitments, pricing visibility, and demand protection across a large portion of future output, reinforcing a more durable and higher-margin structure, though questions remain around long-term margin sustainability and contract rollovers despite near-term upside to visibility and valuation, the analyst tells investors in a research note.
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