Goldman Sachs Says SanDisk (SNDK) Needs To Be "Aggressively" Bought

Goldman Sachs made positive comments on SanDisk (NASDAQ: SNDK) following results after the close.

The firm is recommending clients buy the stock as the very strong margins trump the tepid demand picture.

"We would aggressively Buy the stock at current levels, as we believe the company successfully demonstrated the increasing differentiation of its products with stronger-than-expected margins despite resetting revenue expectations lower, given softer market demand."

Goldman maintained their Buy rating, estiamtes and $55 price target.

For more ratings news on SanDisk click here and for the rating history of SanDisk click here.

Shares of SanDisk closed at $41.57 yesterday.

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