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Sandisk (SNDK) stock rises 3.3% after Argus upgrades its rating to Buy from Hold, citing strong Q4 2026 results and reasonable valuation.
Argus based its decision on Sandisk's stock having dropped $500 from its initial coverage price, alongside the company's strong financial performance. Last week, Sandisk reported better-than-expected Q4 2026 revenue of $8.97 billion (analysts expected $8.4 billion) and adjusted EPS of $39.25 (analysts expected $34.51). The firm also noted the increasing investor attention to memory stocks amid data center operators' demand for adequate memory, emphasizing Sandisk's strong fundamentals and a forward P/E of 18.9 times.
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Source：Yahoo财经 · Source Link
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