Citi Lifts Sandisk Price Target to $125, Reiterates Buy on Data-Center SSD Strength
Citi attributes the higher target to data-center SSD strength driving margin expansion.
Overview
- Asiya Merchant at Citi raised Sandisk’s price target from $80 to $125 on September 25 and maintained a Buy rating.
- Citi forecasts higher earnings per share next fiscal year supported by improved margins.
- The firm points to strong hyperscale enterprise SSD demand alongside a favorable, balanced supply–demand backdrop.
- NAND bit demand is projected to grow as data center needs increase, according to Citi’s analysis.
- Citi reports Sandisk is gaining market share in enterprise SSD bit shipments to data centers.