Core Viewpoint - SanDisk Corporation (NASDAQ:SNDK) is currently viewed as a promising investment opportunity, with significant price target increases from major financial institutions following strong earnings results. Group 1: Analyst Ratings and Price Targets - Barclays analyst Tom O'Malley raised the price target for SanDisk to $750 from $385 while maintaining an Equal Weight rating after the company's FQ2 2026 earnings beat [1][7] - Bank of America increased its price target on SanDisk to $850 from $390 while maintaining a Buy rating, following a FQ2 report where revenue and EPS exceeded guidance [2] Group 2: Financial Performance - Following the FQ2 report, revenue expectations for FY 2026 were raised to $15.7 billion from $10.9 billion, and EPS estimates grew to $39.50 from $16.21, indicating higher margins and profitability than previously anticipated [3] Group 3: Company Overview - SanDisk Corporation develops, manufactures, and sells data storage devices and solutions utilizing NAND flash technology across various regions including the US, Europe, the Middle East, Africa, and Asia [4]
Barclays Nearly Doubles SanDisk (SNDK) PT to $750 Following Separation, FQ2 2026 Earnings Beat