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JPMorgan Analyst Reinstates Coverage of Sandisk (SNDK) with Overweight Rating and $2,250 Price Target
JPMorgan analyst Harlan Sur reinstated coverage of Sandisk (SNDK) with an overweight rating and a $2,250 price target. The memory supplier's stock is currently trading around $1,786, implying a potential 26% increase based on the new target. Sur cited strong demand for NAND flash memory driven by AI data centers, supply constraints, and Sandisk's multiyear agreements with major customers worth approximately $42 billion as key factors.
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