Raymond James Starts Sandisk at Market Perform
- Rating
- Market Perform
- New coverage
- Target
- N/A
- No target in this note
- Upside
- N/A
- No target to measure
Raymond James’s latest target on sandisk is now $725 (Jan 30, 2026); the median of 8 firms is $2,175.
What the analyst said
Raymond James analyst Srini Pajjuri initiates coverage on SanDisk (NASDAQ: SNDK) with a Market Perform rating.
“We are initiating coverage on Sandisk Corporation (SNDK) at Market Perform. The company was spun off from Market Perform rated Western Digital (WDC). As a pure play NAND Memory supplier, SNDK stands to benefit from the growing need for data storage across smartphone, PC, Consumer, and Data Center markets.
The company has a strong legacy of innovation and its manufacturing JV with Kioxia offers unique scale efficiencies. We expect NAND bit demand to grow at a mid-to-high teens rate longer term and are encouraged by improving supply discipline in the industry.
While near-term pricing trends are weak, recent production cuts should improve demand/supply balance in C2H25. However, we are taking a more guarded view on C2H25 pricing and are less sure about sustainability given subdued PC/Smartphone/Consumer demand.
Alos, SNDK remains under-indexed in the important data center AI market despite its recent progress in eSSDs.”
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.