SanDisk Faces Market Sell-Off Panic, Goldman Sachs Bucks Trend by Raising Target Price, Bullish on August Earnings

Odaily reported that Goldman Sachs explicitly predicted in a research report that SanDisk's upcoming fiscal 2026 fourth-quarter results, to be announced on August 5th, will be a "very strong quarter." The global shortage of NAND flash memory chips will persist in 2026, with demand simultaneously recovering across mobile, PC, and data center segments. Meanwhile, production capacity is being squeezed by high-end AI storage applications, leading to insufficient supply of conventional products and a continued upward trend in market prices. Goldman Sachs raised its target price for SanDisk from $1,200 to $2,200 and reiterated a "buy" rating. This aggressive adjustment not only reflects Goldman Sachs' recognition of SanDisk's fundamentals but also conveys a strong bullish outlook on the upcoming fiscal 2026 fourth-quarter results to be announced in August.