Goldman Sachs Raises Sandisk Price Target to $2,200, Doubles EPS Forecast on July 12

GS-0.39%
SNDK-8.00%
According to Goldman Sachs, on July 12, Sandisk (NASDAQ:SNDK) received an upgraded price target of $2,200, up from $1,200, implying 14.8% upside from its July 10 close of $1,915.92. The bank also doubled its 2026 earnings per share (EPS) estimate from $55 to $110, maintaining its Buy rating. Goldman Sachs attributed the upgrade to sustained NAND flash supply shortages, expecting Sandisk to benefit from strong pricing power and expanding enterprise SSD supply to hyperscale customers, with over one-third of 2027 production already secured through long-term contracts.
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