Wells Fargo raised its price target on Sandisk (NASDAQ: SNDK) from $675 to $975 while maintaining an “Hold” rating on Monday, April 20, just as the semiconductor company joined the NASDAQ 100 index.
Analyst Aaron Rakers noted that while he is cautious about the current high price, he cannot ignore the demand for storage solutions. In addition, he argued that the shift toward artificial intelligence (AI) could keep the company’s factories running for years, given the popularity of its NAND f