Wall Street Revises Sandisk Stock Price Target After Earnings
After Sandisk’s earnings, analysts said near-term revenue guidance was softer than expected, keeping the stock under pressure. Evercore cut its SNDK price target to $2,800 from $3,100 (Outperform) citing gross margins of 83% to 85% and long-term NAND agreements. Morgan Stanley, Jefferies, Goldman Sachs and Wedbush also adjusted targets and outlooks.
How this was made
The 30-second read
Why it matters
The actionable element is the combination of lower PTs and the specific offsetting fundamentals cited by analysts: gross margin range and long-term NAND shipment agreements improving demand visibility.
Market read
Multiple PT reductions after guidance softness, but margin and long-term shipment contract coverage provide a counterweight that may limit downside follow-through.
What to watch
The article does not quantify how much the softer revenue guidance changes consensus estimates, so traders should verify whether the guide implies a material demand or pricing deterioration versus timing effects.
Background
Following Sandisk earnings, the company issued softer-than-expected near-term revenue guidance, prompting multiple Wall Street target adjustments.
Ticker impact
Analysts cut Sandisk price targets after softer near-term revenue guidance, while citing 83% to 85% gross margins and long-term NAND agreements.
Likely keeps SNDK trading range-bound, with upside capped until near-term revenue guidance stabilizes; PT cuts may pressure sentiment near term.
The article’s new decision points are multiple PT reductions tied to guidance softness, offset by specific margin range and five long-term agreements covering over half of fiscal 2027 NAND bit shipments.
Market effects
Reinforces the NAND memory narrative that near-term demand can be cautious while long-term supply constraints and pricing power remain intact.
Limited, primarily affects US semiconductor memory sentiment rather than a broad regional macro move.
Supports global NAND pricing and supply-demand expectations, which can influence broader memory complex positioning.
Counterpoint
PT cuts may be more about valuation reset than fundamentals; if gross margins and long-term shipment coverage hold, the market may be over-discounting the near-term guide.
Key entities
- companySandisk
Subject of the article; analysts revised price targets after softer near-term revenue guidance but cited strong gross margins and long-term NAND agreements.
- analyst_firmEvercore ISI
Lowered its Sandisk price target to $2,800 from $3,100 while keeping Outperform.
- analyst_firmMorgan Stanley
Reiterated Overweight and $1,750 price target, arguing NAND demand remains durable.
- analyst_firmJefferies
Reduced its Sandisk target to $1,750 from $3,000.
- analyst_firmGoldman Sachs
Warned elevated investor expectations may weigh on the outlook and mentioned Micron (MU).
