Jefferies Lifts SanDisk Target to $3,000 as NAND LTAs Lock in $0.29/GB Floor
Updated
Updated · TradingView · Jul 1
Jefferies Lifts SanDisk Target to $3,000 as NAND LTAs Lock in $0.29/GB Floor
1 articles · Updated · TradingView · Jul 1
Summary
Jefferies raised its price target on SanDisk to $3,000, pointing to stronger memory pricing and room for enterprise SSD share gains.
SanDisk’s shift to new NAND long-term agreements underpins that view, with fixed or range pricing, longer contract terms and upfront customer commitments.
Jefferies estimates those LTAs imply a floor price of about $0.29 per gigabyte, which it says should support more durable NAND revenue.
Data center and AI demand also bolster the outlook by potentially expanding SanDisk’s enterprise SSD business beyond the immediate pricing uplift.