SanDisk Corp: Promising Growth Prospects and Strategic Developments Drive Buy Rating
I'm PortAI, I can summarize articles.
Mark Miller has given SanDisk Corp a Buy rating due to promising growth prospects driven by an anticipated undersupply in the NAND market through 2026, which is expected to boost demand and pricing. The data center market is projected to see double-digit growth by 2025. SanDisk plans price increases and expects a mid-teens CAGR in NAND demand, along with margin improvements and a long-term gross margin target of 35%. Citi also maintains a Buy rating with an $80 target price.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Tip Ranks The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments