SanDisk PT Raised to $90.00 (SNDK)
Research analysts at Cowen and Company hoisted their price objective on shares of SanDisk (NASDAQ:SNDK) from $80.00 to $90.00 in a report released on Tuesday. The firm currently has a “market perform” rating on the stock. Cowen and Company’s price target indicates a potential downside of 11.76% from the stock’s previous close.
Shares of SanDisk (NASDAQ:SNDK) opened at 102.00 on Tuesday. SanDisk has a one year low of $53.09 and a one year high of $102.20. The stock has a 50-day moving average of $92.79 and a 200-day moving average of $78.69. The company has a market cap of $23.122 billion and a price-to-earnings ratio of 20.46.
SanDisk (NASDAQ:SNDK) last released its earnings data on Wednesday, April 16th. The company reported $1.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.25 by $0.19. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the company posted $0.84 earnings per share. SanDisk’s revenue was up 12.8% compared to the same quarter last year. On average, analysts predict that SanDisk will post $6.08 earnings per share for the current fiscal year.
SNDK has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their price target on shares of SanDisk from $95.00 to $118.00 in a research note on Tuesday. Separately, analysts at Nomura raised their price target on shares of SanDisk from $85.00 to $95.00 in a research note on Tuesday. Finally, analysts at Piper Jaffray raised their price target on shares of SanDisk from $95.00 to $110.00 in a research note on Monday. Ten analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $99.93.
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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