Core Viewpoint - Sandisk Corporation (NASDAQ:SNDK) is identified as a promising technology stock, with a price target increase from $80 to $125 by Citi, maintaining a Buy rating on the stock [1][2]. Financial Performance - The company's earnings per share are expected to increase in the next fiscal year, supported by improved margins [2]. - Strong demand for hyperscale enterprise SSDs is noted, contributing to a favorable demand environment with balanced supply and demand [2][3]. Market Position - NAND bit demand is projected to grow, driven by robust data center needs, indicating a positive outlook for the company [3]. - Sandisk is gaining market share in enterprise SSD bit shipments to data centers, reflecting the effectiveness of its strategic focus [3].
Citi Raises PT on Sandisk Corporation (SNDK), Keeps a Buy