Analyst Issues Buy Rating for Sandisk With 21% Upside
An analyst issued a buy rating for Sandisk, projecting a price target of $1,950 based on FY2028 earnings expectations.
Sandisk received a buy rating from an analyst initiating coverage, with a projected base case price of approximately $1,950 based on FY2028 earnings. This target represents a 21% upside from the current price of $1,610.
The analysis indicates that the company's goals of 80% gross margins and 50% free cash flow are dependent on Flash Ventures. Because Sandisk does not own its own fabrication plants, it pays its cost base in Japanese yen. The analyst suggests the market currently underappreciates a contract-backed earnings plateau expected between FY2028 and FY2030.
Despite the positive rating, the report warns that investors cannot accurately size the risk of yen exposure. The analyst notes a lack of company disclosure, stating that Sandisk's Investor Day deck only mentions currency within a legal disclaimer.
Keep reading in the app
The full story and every source, free in the app.
Coming soonGoogle Play