economy
January 30, 2026
Sandisk gets upgrade from Raymond James after blockbuster earnings
Key catalysts, including the potential for more price hikes, are driving analyst Jason Bazinet’s upgrade.
TL;DR
- Raymond James upgraded Sandisk to outperform from market perform with a $725 price target.
- Sandisk reported $6.20 in adjusted earnings per share and $3.03 billion in revenue, exceeding analyst estimates.
- Data center growth increased by nearly 64% quarter-over-quarter.
- The company provided better-than-expected guidance of $12 to $14 earnings per share for the next quarter.
- Sandisk is up 166% year-to-date and is described as the best S&P 500 stock for 2026.
- Analyst Melissa Fairbanks noted exceptionally strong demand and tightening supply, supporting strong pricing.
- Pricing leverage and anticipated cost reductions are identified as bullish signals.
- Forecasting beyond the current quarter is difficult due to the rapidly changing market.
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