Bank of America Maintains $2,500 Price Target for SanDisk

Odaily Planet Daily News: Following SanDisk's latest earnings report, Bank of America reiterated its Buy rating and maintained a $2,500 price target, implying approximately 85% upside from the reference price. Bank of America believes the market still underestimates the sustainability of SanDisk's profitability. While storage chips have long been cyclical, AI data center demand, enterprise SSD growth, and long-term supply agreements are reshaping the NAND industry model.

Additionally, Bank of America noted that SanDisk's fiscal 2027 EPS is expected to grow to approximately $233.85, and views the current forward P/E ratio of roughly 6x as more attractive compared to Micron's valuation of approximately 12x. (The Street)