BofA/Merrill has concerns SanDisk Corporation(NASDAQ:SNDK) will report a Q1 miss given weaker than seasonal NAND demand at Asian chipmakers and ASP erosion. The firm has bigger concerns of a Q2 miss given bullish consensus estimates adn potential for Asian chipmakers to be more aggressive in NAN price cuts due to excess inventories. Shares are Underperform rated.
Analysts have a consensus price target of $78 on SanDisk Corporation(NASDAQ:SNDK) which indicates a 31% upside. The consensus rating of the stock is a BUY with a score of 2.50. There are currently 11 Hold Ratings, 14 Buy ratings and 2 Sell ratings on the stock.
A recent analyst action consisted of ISI Group initiating coverage with a neutral rating and $87 price target.
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