BlockBeats News, May 27th. According to a public analyst report, SanDisk Technology received bullish ratings and target price upgrades from several top investment banks in May.
Among them, Melius set a target price of $2,350, Citi set a target of $2,025, Susquehanna set a target of $2,000, with the average target price for May reaching $2,125 per share.
Compared to the current stock price of $1,589.55, this target price implies a 33.7% upside. This round of analyst target price adjustments reflects the market's optimistic outlook on SanDisk's long-term prospects. According to statistics, the comprehensive target price range of 18 research reports is $1,000-$2,350, with a median of $1,400. The May upgraded target of $2,125 has significantly exceeded the median level.
The industry is generally optimistic about the industry's prosperity cycle driven by high-end storage demand such as AI and cloud computing, which is also a key factor supporting analysts' upward revision of SanDisk's target price.
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