What happened: Sandisk (SNDK) stock popped 6% on Friday, extending gains from a 13% rise in the prior session.
What's behind the move: Wall Street was overwhelmingly bullish on the NAND flash memory maker's long-term growth targets for 2028 through 2030, announced at the company's investor day.
Sandisk sees annual revenue growth in the mid-to-high teens between 2028 and 2030. The company also sees non-GAAP gross margins at about 80%.
Analysts cheered the company's improved business model and the sustainability of its pricing, backed by various US hyperscalers.
RBC Capital ***** ysts said customer contracts are "multi-year in nature, are detailed by quarter/month, have fixed pricing with variable component, and are supported by financial guarantees."
#analysts #sndk #street
What's behind the move: Wall Street was overwhelmingly bullish on the NAND flash memory maker's long-term growth targets for 2028 through 2030, announced at the company's investor day.
Sandisk sees annual revenue growth in the mid-to-high teens between 2028 and 2030. The company also sees non-GAAP gross margins at about 80%.
Analysts cheered the company's improved business model and the sustainability of its pricing, backed by various US hyperscalers.
RBC Capital ***** ysts said customer contracts are "multi-year in nature, are detailed by quarter/month, have fixed pricing with variable component, and are supported by financial guarantees."
#analysts #sndk #street
7 days ago
