Update: Wedbush Initiates SanDisk at Outperform, $80 Price Target

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Update: Wedbush Initiates SanDisk at Outperform, $80 Price Target

, MT Newswires - 12:50 PM ET 3/24/2025 default

12:50 PM EDT, 03/24/2025 (MT Newswires) -- (Updated to include Wedbush's commentary)

Wedbush initiated coverage on SanDisk ( SNDK ) with an outperform rating and a $80 price target.

The company expects pricing to bottom in the current quarter and rise significantly in H2 as the industry enters an undersupply situation, analysts Matt Bryson and Antoine Legault wrote in a Monday note.

The brokerage's outlook mirrors this view and it sees potential for a cyclical upturn in the second half of the year, more in line with historical trends.

SanDisk ( SNDK ) has an average rating of overweight and mean price target of $62, according to analysts polled by FactSet.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

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