Goldman Lifts SanDisk Price Target to $700, Cites Tight NAND Supply and Strong Demand
Goldman Sachs moved its price objective on SanDisk (NASDAQ:SNDK) to $700 from $320 while retaining a Buy recommendation, pointing to stronger-than-expected quarterly results and guidance, constrained NAND supply and accelerating demand. Other major banks have also raised targets after the company posted substantial earnings and revenue beats for fi…