SanDisk Corp (SNDK)

We raise our F2025/F2026E (Jun) EPS for Sandisk (SNDK; $34.97; E/W) from $2.40/$4.45 to $2.78/$4.75 after the company produced some solid upside with FQ3 (Mar) results and offered up FQ4E (Jun) guidance that was ahead…

We remain concerned that Sandisk’s (SNDK; $34.98; E/W) exposure to consumer markets could be a limiting factor for the stock even after the company’s FQ3 (Mar) results and outlook on Wednesday (5/7 after market). Recall,…

We initiate coverage of the shares of Sandisk (SNDK; $48.16) with an Equal-Weight post its separation from Western Digital (WDC; $49.07; O/P) on Monday (2/24) to once again be a publicly traded company; although WDC…

This morning, we attended Sandisk’s inaugural Investor Day in New York City ahead of its pending separation from Western Digital (WDC; $69.13; O/P) as a publicly traded company under the stock symbol SNDK. We note…