RBC Capital Maintains an 'Outperform' on SanDisk (SNDK); Restoring Investor Confidence
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Price: $1,641.11 +7.39%
Rating Summary:
29 Buy, 18 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
29 Buy, 18 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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RBC Capital maintains an 'Outperform' on SanDisk (NASDAQ: SNDK) price target of $50.00.
Analyst, Doug Freedman, said, "Once again we were reminded of the increasing breath of SNDK's customer base as we believe the custom embedded solution referenced is code language for Apple. Assuming a significant ramp at Apple and quarterly price negotiations with OEMs, we believe that market forces can help drive margins higher in 4Q12. We would highlight that just as margins collapsed in 1Q12 the inverse is possible if supply constraints are maintained."
"Key to restoring investor confidence? Step one was achieved last night with execution to guidance and the ability to guide in-line with stale expectations. The next leg requires execution on industry wide supply constraints for margin lift. And lastly, SNDK has an opportunity to move to next generation technologies ahead of the industry."
For an analyst ratings summary and ratings history on SanDisk click here. For more ratings news on SanDisk click here.
Shares of SanDisk closed at $35.08 yesterday.
Analyst, Doug Freedman, said, "Once again we were reminded of the increasing breath of SNDK's customer base as we believe the custom embedded solution referenced is code language for Apple. Assuming a significant ramp at Apple and quarterly price negotiations with OEMs, we believe that market forces can help drive margins higher in 4Q12. We would highlight that just as margins collapsed in 1Q12 the inverse is possible if supply constraints are maintained."
"Key to restoring investor confidence? Step one was achieved last night with execution to guidance and the ability to guide in-line with stale expectations. The next leg requires execution on industry wide supply constraints for margin lift. And lastly, SNDK has an opportunity to move to next generation technologies ahead of the industry."
For an analyst ratings summary and ratings history on SanDisk click here. For more ratings news on SanDisk click here.
Shares of SanDisk closed at $35.08 yesterday.
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