Goldman Sachs sets a new price target for SNDK, implying 18% upside from its July 9 close, citing earnings estimates 30% above consensus.
Goldman Sachs increased its SanDisk (SNDK) price target to approximately $2,200, up from a prior level, while maintaining a Buy rating. The new target reflects an 18% upside from SNDK’s July 9 closing price of $1,858.27, which rose 7.59% on the session.
The firm’s non-GAAP earnings per share estimate for 2026 exceeds Street consensus by over 30%, signaling confidence in SanDisk’s growth trajectory. SNDK has outperformed peers, rising 707.11% year-to-date, leading the S&P 500 in 2026.
The move underscores Goldman’s bullish view on SanDisk’s fundamentals, diverging from broader market expectations for the semiconductor sector.