SanDisk Stock Gains Huge Price Target Hike, Margin for Error Narrowing
SanDisk Corporation (NASDAQ: SNDK) has garnered significant attention from analysts, with a flurry of price target increases reflecting confidence in the company’s performance and market outlook. However, one analyst is urging caution after the recent exuberance.
SanDisk stock is currently changing hands at $211.20, reflecting a 5.95% increase, and on a remarkable upward trajectory, fueled by surging demand for NAND products and strategic pricing adjustments by the company and its competitors.
Morgan Stanley, while maintaining an Overweight rating, significantly raised its price target on SanDisk to $230 from a previous $96. However, the firm removed the stock from its “Top Pick” list, suggesting that the substantial recent price…
