Wells Fargo Says “We’ve Clearly Missed Sandisk Corporation (SNDK)”, Lifts PT

Sandisk Corporation (NASDAQ:SNDK) is one of the best booming stocks to buy according to hedge funds. On April 20, Wells Fargo lifted the price target on Sandisk Corporation (NASDAQ:SNDK) to $975 from $675 and maintained an Equal Weight rating on the shares. Stating that “we’ve clearly missed SNDK,” the firm meaningfully increased its 2026 and 2027 EPS estimates to $125 and $150. However, it sees a consensus valuation view at about 6-7 times price to earnings on peak EPS, leaving limited upside to support a more constructive view.

Sandisk Corporation (NASDAQ:SNDK) also received a rating update from BofA on April 17. The firm lifted the price target on the stock to $1,080 from $900, maintaining a Buy rating on the shares and telling investors that NAND pricing is up “massively”. BofA sees a longer cycle this time around, given a mix shift to data centers, NAND demand from AI inferencing, which it views as sustainable in the medium-term, and NAND suppliers being rational and adding supply “judiciously”.

Sandisk Corporation (NASDAQ:SNDK) is involved in the development, manufacture, and provision of storage devices and solutions based on NAND flash technology. The company’s products include solid-state drives, memory cards, and USB flash drives.

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