SanDisk Corp. Given New $64.00 Price Target at Cowen and Company (SNDK)
Cowen and Company hoisted their target price on shares of SanDisk Corp. (NASDAQ:SNDK) from $60.00 to $64.00 in a research note issued on Monday, AnalystRatingsNetwork reports. The firm currently has a “market perform” rating on the stock. Cowen and Company’s target price points to a potential upside of 2.09% from the stock’s previous close.
A number of other firms have also recently commented on SNDK. Analysts at B. Riley raised their price target on shares of SanDisk Corp. to $75.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Argus reiterated a “buy” rating on shares of SanDisk Corp. in a research note to investors on Thursday. They now have a $70.00 price target on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of SanDisk Corp. in a research note to investors on Friday, September 13th. Two investment 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 company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $66.93.
Shares of SanDisk Corp. (NASDAQ:SNDK) traded up 0.18% on Monday, hitting $62.80. 612,215 shares of the company’s stock traded hands. SanDisk Corp. has a 1-year low of $38.47 and a 1-year high of $63.97. The stock has a 50-day moving average of $58.56 and a 200-day moving average of $57.82. The company has a market cap of $15.096 billion and a price-to-earnings ratio of 21.45. SanDisk Corp. also was the target of unusually large options trading on Friday. Stock investors acquired 14,963 call options on the stock. This is an increase of 150% compared to the typical daily volume of 5,989 call options.
SanDisk Corp. (NASDAQ:SNDK) last released its earnings data on Wednesday, July 17th. The company reported $1.21 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.21 earnings per share. SanDisk Corp.’s revenue was up 43.0% compared to the same quarter last year.
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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