SanDisk faces market sell-off panic, Goldman Sachs bucks trend by raising target price, bullish on August earnings report

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