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Stock impact report

Sandisk is up nearly 250% this year, and a new Wall Street superbull emerges. Here's their thesis. [Yahoo! Finance]

Sandisk Corporation (SNDK) 
Company Research Source: Yahoo! Finance
Longtime tech analyst Amit Daryanani initiated coverage on Sandisk ( SNDK ) with an Outperform rating and $1,200 price target in a new note on Tuesday. A coverage initiation reflects the first time a Wall Street analyst is offering research coverage on a company for the firm's clients. The price target puts him among the highest on Wall Street for Sandisk. At $1,200, Daryanani estimates at least 27% upside in Sandisk from current price levels. "We believe SNDK is levered to one of the most attractive areas of the AI infrastructure stack – data storage, where demand is accelerating and supply remains constrained at minimum through 2028 if not beyond," Daryanani wrote. "While concerns around peak NAND pricing and cyclicality persist, we think the current cycle is structurally tighter and more durable, underpinned by AI-driven demand and sustained supply discipline." Not all tech stocks are experiencing investor fatigue. Sandisk is a once-forgotten memory chip player founded i Show less Read more
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