SanDisk Faces Market Sell-Off Panic, Goldman Sachs Raises Target Price Against the Trend, Bullish on August Earnings

Odaily Planet Daily News Goldman Sachs explicitly predicted in its research report that SanDisk's fourth-quarter fiscal 2026 results, to be announced on August 5, will be a "very strong quarter." The global shortage of NAND flash memory chips will continue into 2026, with demand recovering simultaneously across mobile, PC, and data center sectors. Meanwhile, production capacity is being squeezed by the high-end AI storage track, leading to insufficient supply of conventional products and maintaining an 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 fourth-quarter fiscal 2026 results to be announced in August.