SanDisk Gets Wall Street Boost As Rising Chip Prices, Smart Spending Boosts Margins
1. BofA initiated coverage on SanDisk with a Buy rating and $61 target. 2. Improving NAND memory pricing due to favorable supply-demand conditions. 3. SanDisk's resilient margins benefit from careful capacity management. 4. Joint venture with Kioxia aids in shared capital expenditures. 5. Analyst projects 2025 revenue at $7.29 billion and EPS of $2.75.