Analysts Raise SanDisk Price Target to $3,100 Despite 16% Stock Drop in July

According to Barron's, Evercore ISI analyst Amit Daryanani raised his SanDisk (SNDK-US) price target to $3,100 from $1,400 on July 13, despite the stock falling 16% in July to $1,915. Daryanani noted that investors underestimate the company's long-term earnings and free cash flow potential driven by AI data center demand, along with pricing power extending into 2027. He also outlined an optimistic scenario with a $4,000 price target. Citigroup maintained its $2,500 price target the same day, citing sustained NAND flash and hard drive storage demand from AI-driven data centers.
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