Goldman Sachs Stands Firm on SanDisk Buy Rating Amid Market Volatility

Goldman Sachs has maintained its 'Buy' rating on SanDisk stock despite a recent pullback in price. The firm's analysts believe that investor expectations have been tempered, and the company's long-term agreements will drive growth.

The company reported strong quarterly results, but revenue guidance fell short of Wall Street estimates. Goldman Sachs notes that 7 analysts have revised their earnings upwards for the upcoming period, indicating a positive outlook for SanDisk.

One key factor to watch is management's commentary on long-term agreements and potential stock repurchases. Analysts expect investors to focus on the sustainability of positive pricing momentum and any updates on capacity additions.

In other recent news, Evercore ISI has raised its price target for SanDisk to $3,100, citing strong revenue and earnings projections due to supply deals and persistent pricing power through 2026 and 2027. Lynx Equity also increased its price target to $2,450, highlighting the growing demand for memory and flash storage driven by hyperscalers like Amazon and Google.