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Investing.com - Goldman Sachs has reiterated its Buy rating on SanDisk (NASDAQ:SNDK) with a price target of $55.00, despite expectations of a potential stock pullback following the company’s latest earnings report. Currently trading at $46.68, SanDisk has shown strong momentum with a 29.67% gain year-to-date, while InvestingPro analysis indicates the stock is currently fairly valued.
The investment bank noted that while SanDisk delivered strong revenue performance and guidance that exceeded market expectations, with current revenue at $7.2 billion and a gross profit margin of 32.58%, the company’s lower margin guidance for the third quarter might concern investors.
Goldman Sachs acknowledged that investor expectations had risen significantly before the earnings call, driven by the stock’s substantial run-up following strong NAND performance from competitors including Samsung and Kioxia.
Despite recognizing investor concerns about the sustainability of the NAND memory cycle, Goldman Sachs expressed confidence in SanDisk’s revenue trajectory and suggested that market consensus estimates for 2026 may be too conservative.
The firm maintained its Buy rating based on its belief that SanDisk is positioned to outperform competitors and that the company’s gross margins are set to improve significantly over the coming quarters.
In other recent news, SanDisk Corporation reported its financial results for the fourth quarter of fiscal year 2025. The company achieved revenue of $1,901 million, marking a 12% increase from the previous quarter and an 8% rise compared to the same period last year. SanDisk’s non-GAAP earnings per share (EPS) were $0.29, exceeding analyst expectations. These results demonstrate a solid performance for the company in terms of both revenue and earnings. Despite these positive financial outcomes, the company’s stock price did not change in the extended trading session. Analysts and investors are closely watching SanDisk’s progress and its ability to sustain this growth trajectory. These developments reflect the company’s ongoing focus on innovation and market expansion.
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