Needham & Company Upgrades SanDisk (SNDK) to Buy; Sees 90% Chance of WDC Deal Closing
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Go back to Needham & Company Upgrades SanDisk (SNDK) to Buy; Sees 90% Chance of WDC Deal Closing
January 28, 2016 7:49 AM EST
Mizuho Securities upgraded SanDisk (NASDAQ: SNDK) from Neutral to Buy with a price target of $86.50.
Analyst Vijay Rakesh commented, "We are upgrading SNDK to a Buy. We do not see any fundamental reasons to owning SNDK given multiple headwinds with slowing handsets and... More
January 28, 2016 7:13 AM EST
Susquehanna upgraded SanDisk (NASDAQ: SNDK) from Neutral to Positive with a price target of $86.50.
Analyst Mehdi Hosseini commented, "We are upgrading SNDK to Positive (from Neutral) as we believe the pullback in SNDK shares (and associated widening of deal spread) has presented an attractive Long opportunity predicated on increased confidence of a WDC/SNDK deal irrespective of whether the WDC/Unis deal closes in time or not. Conversely, we argue the risk/reward on the SHORT side is not attractive and SHORT sellers should be cognizant of core earnings power as... More
January 27, 2016 4:11 PM EST
Sandisk (NASDAQ: SNDK) reported Q4 EPS of $1.26, $0.37 better than the analyst estimate of $0.89. Revenue for the quarter came in at $1.54 billion versus the consensus estimate of $1.44 billion.
I am pleased to report an excellent fourth quarter finish to 2015 driven by strong performance in enterprise... More
January 27, 2016 8:13 AM EST
Citi initiated coverage on SanDisk (NASDAQ: SNDK) with a Buy rating and a price target of $82.00.
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 $64.09 yesterday.
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