Wedbush Upgrades SanDisk (SNDK) to Outperform
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Price: $1,757.82 --0%
Rating Summary:
27 Buy, 20 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 19 | New: 35
Rating Summary:
27 Buy, 20 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 19 | New: 35
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Wedbush upgraded SanDisk (NASDAQ: SNDK) from Neutral to Outperform with a price target of $49.00 (from $39.00).
The firm comments, "We upgrade SanDisk (SNDK) to an OUTPERFORM rating ahead of the company's Q3 report set for AMC on Thursday, October 18. We expect SNDK to print a beat and provide Q4 guidance largely in-line with the Street’s already high expectations driven by (1) favorable NAND pricing environment, (2) ramp of design wins at Tier 1 OEMs, and (3) seasonality. We believe the pullback in the stock has created a compelling entry point and recommend investors buy shares."
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 $42.28 yesterday.
The firm comments, "We upgrade SanDisk (SNDK) to an OUTPERFORM rating ahead of the company's Q3 report set for AMC on Thursday, October 18. We expect SNDK to print a beat and provide Q4 guidance largely in-line with the Street’s already high expectations driven by (1) favorable NAND pricing environment, (2) ramp of design wins at Tier 1 OEMs, and (3) seasonality. We believe the pullback in the stock has created a compelling entry point and recommend investors buy shares."
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 $42.28 yesterday.
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