RBC Capital Starts SanDisk (SNDK) at Sector Perform

RBC Capital analyst Srini Pajjuri initiates coverage on SanDisk (NASDAQ: SNDK) with a Sector Perform rating and a price target of $400.00.

The analyst comments: "SNDK has significantly outperformed in 2025 on improving NAND fundamentals. We expect NAND demand to outpace supply through 2026 on much-improved supply discipline in the NAND (and in HDD) industry and secular storage growth from GenAI. Margin execution is on track and SNDK is also making progress in the important enterprise SSD (eSSD) market. That said, we believe valuation is already discounting ~$40 of peak earnings (vs CY27 cons. of ~$22), which limits further outperformance. In addition, we are also concerned about the impact of high Memory prices on PC/ Smartphone demand (~60% of SNDK's sales). Initiate at Sector Perform."

For an analyst ratings summary and ratings history on SanDisk click here. For more ratings news on SanDisk click here.

Shares of SanDisk closed at $387.81 yesterday.

You May Also Be Interested In