Proactive Investors
08 Jun 2026, 19:51 UTC · 2h ago
SanDisk wins big BofA target upgrade as new supply deals shore up earnings visibility
Proactive Investors
08 Jun 2026, 19:51 UTC · 2h ago
Story key points
4 claims · impact-rated
Bank of America significantly raised SanDisk's price target from $1,550 to $2,100. — A substantial increase in price target from a major institution typically triggers immediate positive sentiment and buying pressure.
+0.80SanDisk has secured over a third of its fiscal 2027 revenue via New Business Models (NBMs), including contracts with minimum revenue of $42 billion. — High revenue visibility and guaranteed minimums significantly reduce downside risk and volatility for the stock.
+0.70BofA raised its fiscal 2027 revenue estimate to $44 billion and EPS to $188, up from $37.7 billion and $154 respectively. — Upward revisions to core fundamental forecasts directly impact valuation models and investor expectations.
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Average selling prices for NAND are expected to rise through 2026, with no incremental new supply anticipated before 2028 or 2029. — Tight supply constraints combined with rising prices suggest strong margin expansion for the foreseeable future.
+0.50Ticker attribution
Model heads
Bank of America raised its price target, revenue, and EPS estimates due to robust NAND demand and successful new business models.
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