A trio of Wall Street firms has held onto and restated its buy ratings on SanDisk shares, forecasting that the stock will shortly push past the $2,000 mark and rally further across the indices. At present, SNDK changes hands around the $1,881 area, leaving it just one or two moves away from rising above the historic $2,000 zone. The three Wall Street firms calling for SNDK to clear the $2,000 milestone are detailed below.
Confidence in a Move Above $2,000
Each of these heavyweight firms believes SanDisk shares truly belong above the $2,000 level. For that reason, stepping in with a position now may pay off, since the equity is currently sitting under the $1,900 range. Every one of these forecasts points to double-digit upside, and only the projection from Cantor Fitzgerald goes as far as a gain of 50%+. Should this leading equity hit that price target, the returns would be enormous.
Last Year's Buyers Reaped Huge Gains
Traders who opened a position in SNDK exactly a year ago have booked profits exceeding 4,000%. A $1,000 stake has ballooned into a remarkable $41,000, with room to climb even higher in value. SNDK proved to be a genuine gem of the market during a stretch when Nvidia lost some of its momentum.
