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Citi Raises Sandisk Corporation (SNDK.US) TP to USD2,500, Rating Buy
2026-06-26 14:51:41 Citi published a research report stating that tight supply-demand conditions in the NAND market are expected to persist through 2027, supporting price trends. The bank therefore maintained its Buy rating on Sandisk Corporation (SNDK.US) and raised its TP from USD2,025 to USD2,500, equivalent to about 11x its forecast FY2027 PE ratio. Citi forecasts that average NAND prices will increase 186% YoY in 2026, with supply shortages expected to continue through 2028. The bank believes Sandisk Corporation will continue to benefit from the competitive advantage of its Bics8 technology, as well as long-term margin support from a higher contribution from its data center business. It raised its EPS forecasts for FY2026 to FY2028 from USD67.97, USD217.7 and USD215.09 to USD68.47, USD222.15 and USD225.88, respectively. The bank has initiated a 90-day positive short-term view on the stock price.(gc/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |