Bernstein Boosts SanDisk Price Target to $1,000 After Robust Q2; Peers Follow Suit
Bernstein SocGen Group raised its price objective on SanDisk (SNDK) to $1,000 from $580 and kept an Outperform rating after the company posted stronger-than-expected second-quarter results. SanDisk reported revenue of $3.0 billion, non-GAAP gross margin of 52.1% and non-GAAP EPS of $6.20, all meaningfully ahead of consensus. Several other brokerage…