SanDisk Corp. PT Raised to $75.00 at B. Riley (SNDK)
Equities researchers at B. Riley upped their price target on shares of SanDisk Corp. (NASDAQ:SNDK) to $75.00 in a research report issued on Friday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. B. Riley’s price objective would suggest a potential upside of 19.64% from the stock’s previous close.
Shares of SanDisk Corp. (NASDAQ:SNDK) traded up 1.87% during mid-day trading on Friday, hitting $62.69. The stock had a trading volume of 4,534,022 shares. SanDisk Corp. has a 52-week low of $38.47 and a 52-week high of $63.97. The stock has a 50-day moving average of $58.36 and a 200-day moving average of $57.76. The company has a market cap of $15.070 billion and a price-to-earnings ratio of 21.05. SanDisk Corp. also was the target of some unusual options trading activity on Friday. Stock traders acquired 14,963 call options on the company. This represents an increase of approximately 150% compared to the average volume of 5,989 call options.
SanDisk Corp. (NASDAQ:SNDK) last released its earnings data on Wednesday, July 17th. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.93 by $0.28. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 43.0% on a year-over-year basis. On average, analysts predict that SanDisk Corp. will post $4.77 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on SNDK. Analysts at Argus reiterated a “buy” rating on shares of SanDisk Corp. (NASDAQ:SNDK) in a research note to investors on Thursday. They now have a $70.00 price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of SanDisk Corp. (NASDAQ:SNDK) in a research note to investors on Friday, September 13th. Finally, analysts at Sterne Agee reiterated a “positive” rating on shares of SanDisk Corp. (NASDAQ:SNDK) in a research note to investors on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-two have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $66.79.
SanDisk Corporation designs, develops and manufactures data storage solutions in a range of form factors using its flash memory, controller and firmware technologies.
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