Why Sandisk Stock Was a Winner on Wednesday
An analyst raised his price target on the memory maker by $370.
Overview
On a slightly down Wednesday for the stock market, Sandisk's (NASDAQ: SNDK) equity landed in positive territory. On the back of an analyst's price target raise, the storied memory module specialist finished the trading session 0.6% higher, eclipsing the 0.1% dip of the bellwether S&P 500 index.
Almost exactly two weeks before Sandisk is scheduled to publish its fiscal fourth quarter of 2026 results, Aaron Rakers of influential bank Wells Fargo made that move. He increased his price target on the specialized tech stock substantially, to $1,620 per share from $1,250.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.