Argus Upgrades Sandisk to Buy After Strong Q4 Results

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โดย The Motley Fool·US·Read original
Summary · why it matters

Argus upgraded Sandisk stock to buy from hold, citing a $500 drop in the share price since initiating coverage and strong financial results. Sandisk reported better-than-expected fourth-quarter 2026 revenue of $8.97 billion and adjusted earnings per share of $39.25, surpassing analyst estimates of $8.4 billion and $34.51. Following the earnings, Wells Fargo cut its price target to $1,400 from $1,620, while RBC Capital raised its target to $1,300 from $1,000. Shares rose 3.3% as of 12:22 p.m. ET, retreating from an earlier gain of 5.4%.

Impact on stocks 5

Financials± Mixed · 2 stocks
Royal Bank of Canada
RY
▲ PositiveCapitalrelevance

RBC Capital raised its price target on Sandisk to $1,300 from $1,000.

Semiconductors▲ · 1 stocks
Sandisk Corp
SNDK
▲ PositiveCapitalrelevance

Argus upgrades to Buy citing strong Q4 results and share price drop; earnings beat estimates.

Artificial Intelligence▲ · 1 stocks
Others▲ · 1 stocks
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