Latest news with #SNDK
Yahoo
2 days ago
- Business
- Yahoo
Benchmark Gives Buy Rating on Sandisk (SNDK) Stock
On May 27, Benchmark initiated coverage of Sandisk Corporation (NASDAQ:SNDK)'s stock with a 'Buy' rating and a price target of $58, as reported by The Fly. As per the firm, Sandisk Corporation (NASDAQ:SNDK) happens to be a highly cyclical business, and a cyclical upturn has started. The firm believes that this upturn is likely to be extended into 2026. Notably, major hyperscale cloud capex is projected to increase 40% YoY in 2025 to reach $330 billion. Furthermore, AI opportunities and a Windows end-of-life replacement cycle continue to fuel higher PC and mobile-related flash sales. The analyst expects non-GAAP earnings to grow to $5.28 per diluted share in FY 2026. Sandisk Corporation (NASDAQ:SNDK) took actions to reduce supply to match demand and has begun price increases in Q3 2025. The company expects Q4 2025 revenue of between $1.75 billion - $1.85 billion. Sandisk Corporation (NASDAQ:SNDK) estimates that the NAND industry is well-placed for strong long-term growth. This growth is expected to stem from the exponential expansion of data, fueled mainly due to the deployment of AI in cloud and edge applications. Sandisk Corporation (NASDAQ:SNDK) is engaged in developing, manufacturing, and selling data storage devices and solutions using NAND flash technology. While we acknowledge the potential of SNDK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SNDK and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Benchmark Gives Buy Rating on Sandisk (SNDK) Stock
On May 27, Benchmark initiated coverage of Sandisk Corporation (NASDAQ:SNDK)'s stock with a 'Buy' rating and a price target of $58, as reported by The Fly. As per the firm, Sandisk Corporation (NASDAQ:SNDK) happens to be a highly cyclical business, and a cyclical upturn has started. The firm believes that this upturn is likely to be extended into 2026. Notably, major hyperscale cloud capex is projected to increase 40% YoY in 2025 to reach $330 billion. Furthermore, AI opportunities and a Windows end-of-life replacement cycle continue to fuel higher PC and mobile-related flash sales. The analyst expects non-GAAP earnings to grow to $5.28 per diluted share in FY 2026. Sandisk Corporation (NASDAQ:SNDK) took actions to reduce supply to match demand and has begun price increases in Q3 2025. The company expects Q4 2025 revenue of between $1.75 billion - $1.85 billion. Sandisk Corporation (NASDAQ:SNDK) estimates that the NAND industry is well-placed for strong long-term growth. This growth is expected to stem from the exponential expansion of data, fueled mainly due to the deployment of AI in cloud and edge applications. Sandisk Corporation (NASDAQ:SNDK) is engaged in developing, manufacturing, and selling data storage devices and solutions using NAND flash technology. While we acknowledge the potential of SNDK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SNDK and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None.
Yahoo
09-04-2025
- Business
- Yahoo
Why Sandisk Corp. (SNDK) Surged On Tuesday?
We recently published a list of . In this article, we are going to take a look at where Sandisk Corp. (NASDAQ:SNDK) stands against other stocks that lead rally amid market bloodbath. The stock market took a battering anew on Tuesday, with all major indices registering steep losses as investors continued to digest President Donald Trump's next tariff deadline that would slap China with a cumulative 104-percent tariff. The tech-heavy Nasdaq registered the heaviest fall, down by 2.15 percent, followed by the S&P 500's 1.57 percent decline, and the Dow Jones' 0.84-percent drop. Meanwhile, 10 companies—four of which were in the medical sector—bucked an overall market decline, booking modest gains during the session. In this article, we listed the 10 well-performing names of Tuesday and detailed the reasons behind their gains. To come up with the list, we considered only the stocks with $2 billion market capitalization and $5 million in trading volume. Sandisk grew its share prices for a second day on Tuesday, adding 2.76 percent to end at $32.35 apiece as investors cheered the launch of what it touted as the next-generation storage solutions. At the 2025 NAB Show in Las Vegas, SNDK launched the new SanDisk PRO-CINEMA CFexpress Type A Card, designed to meet the demand of professional cinematographers and videographers. The new storage product boasts transfer speeds of 1800MB/s and write speeds up to 1650MB/s, enabling faster turnaround from shoot to post-production, ideal for professionals working with 8K RAW video, high-frame-rate footage, and burst photography. The PRO-CINEMA CFexpress is available in capacities up to 960GB. In addition to the CFexpress, SNDK is set to launch two powerful flash drives this summer to cater to the needs of media and entertainment professionals requiring fast, flexible, and high-capacity portable storage. Overall, SNDK ranks 10th on our list of stocks that lead rally amid market bloodbath. While we acknowledge the potential of SNDK as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SNDK but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
05-04-2025
- Business
- Yahoo
Why Sandisk Corp. (SNDK) Went Down On Thursday?
We recently published a list of . In this article, we are going to take a look at where Sandisk Corp. (NASDAQ:SNDK) stands against other Thursday's worst performers. Wall Street's three major indices suffered a bloodbath on Thursday as investors continued to digest news of President Donald Trump's tariff rollout on imports. The tech-heavy Nasdaq fell the heaviest, down by nearly 6 percent. The S&P 500 dropped by 4.84 percent and the Dow Jones was down by 3.98 percent. Ten individual stocks, predominantly under the retail sector, mirrored a broader market pessimism, finishing the day in the negative territory as investors sold off positions to mitigate risks. In this article, we named Thursday's worst performers and detailed the reasons behind their drop. To come up with the list, we considered only the stocks with $2-billion market capitalization and $5 million in trading volume. Sandisk dropped its share prices by 19.74 percent on Thursday to finish at $38.26 apiece as investors disposed of positions to mitigate the risks from the ongoing trade tensions between the US and its trading partners. As a company that develops, designs, and manufactures data storage solutions, the company is expected to feel the tariff impact from higher costs of raw materials. Last month, Cantor Fitzgerald assigned SNDK an 'overweight' rating and a price target of $60 apiece on the back of positive factors, including a projected recovery in the NAND market in the second half of the year, a strong balance sheet, and robust free cash flow generation facilities. It also earned an overweight rating and an $84 price target from Morgan Stanley. Overall, SNDK ranks 9th on our list of Thursday's worst performers. While we acknowledge the potential of SNDK as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SNDK but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
