Susquehanna raised the firm’s price target on SanDisk (SNDK) to $250 from $65 and keeps a Positive rating on the shares following the earnings report. The firm says SanDisk has a “clear line of sight to scale” its cloud business and is executing well. It cites a higher stock multiple and the significantly higher estimates for the target increase.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNDK:
- SanDisk price target raised to $280 from $140 at Goldman Sachs
- Video: Take-Two slides after pushing out launch of GTA VI
- SanDisk price target raised to $250 from $215 at Mizuho
- SanDisk price target raised to $300 from $240 at Cantor Fitzgerald
- SanDisk price target raised to $260 from $125 at Benchmark