Wall Street Firms Increase SanDisk Stock Price Targets
Multiple analysts raised SanDisk's price target as the company's earnings potential grows amid a persistent NAND shortage. Goldman Sachs raised its target to $2,200 from $1,200, and Evercore's Amit Daryanani lifted his target to $3,100 from $1,400, a jump of more than 120%. JPMorgan also updated its price target on PACCAR Inc., maintaining an overweight rating.
Multiple Wall Street firms have raised SanDisk's SNDK stock price target on strong earnings potential tied to a persistent NAND flash memory shortage. Goldman Sachs raised its target to $2,200 from $1,200, a roughly 83% increase, and reiterated its Buy rating ahead of the company's fiscal fourth-quarter results expected in August.
In a separate revision, Evercore ISI's Amit Daryanani raised his target to $3,100 from $1,400, citing tens of billions of dollars in guaranteed minimum revenue from SanDisk's newly established long-term supply partnerships, which he described as a structural shift in the company's earnings power.
Meanwhile, JPMorgan separately updated its price target on PACCAR Inc., maintaining an overweight rating. The moves reflect growing analyst confidence in SanDisk's exposure to AI-driven datacenter demand for NAND storage, though the stock has already surged sharply this year and pulled back from recent highs, so elevated price targets do not guarantee the gains will hold if supply-demand dynamics shift or the August earnings report disappoints.
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