In a report released today, Mark Miller from Benchmark Co. maintained a Buy rating on SanDisk Corp, with a price target of $125.00.
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Mark Miller has given his Buy rating due to a combination of factors that indicate a positive outlook for SanDisk Corp. One of the primary reasons is the anticipated increase in NAND prices by Samsung, which is expected to benefit SanDisk and improve its financial performance. As a result, Miller has adjusted the forecasts for SanDisk’s earnings and sales upwards for the fiscal years 2026 and 2027, reflecting a more optimistic view of the company’s future profitability.
Additionally, the strong performance reported by Micron, a key player in the same industry, supports this positive outlook. Micron’s recent results showed significant growth in NAND sales and improved gross margins, which are indicative of a healthy market environment. These factors, combined with expected demand growth driven by data centers and AI applications, have led Miller to raise the target price for SanDisk’s stock from $85 to $125, reinforcing his Buy recommendation.
According to TipRanks, Miller is a 5-star analyst with an average return of 20.6% and a 55.42% success rate. Miller covers the Technology sector, focusing on stocks such as SanDisk Corp, Onto Innovation, and Seagate Tech.
In another report released today, Citi also maintained a Buy rating on the stock with a $125.00 price target.