What's happening behind the scenes?
After we identified unusual options trades on SanDisk stock two days ago, today we reveal the analysts' price targets.
In fact, all analysts raised their price targets to a price ranging from $560 to $1000 per share.
Here is the full breakdown:
Srini Pajjuri from RBC Capital raised the price target from $400 to $650.
Joseph Moore from Morgan Stanley raised the price target from $483 to $690.
Blaine Curtis from Jefferies raised the price target from $600 to $700.
James Schneider from Goldman Sachs significantly raised the price target from $320 to $700.
Vijay Rakesh from Mizuho raised the price target from $600 to $710 (he is ranked in the top 25).
Melissa Fairbanks from Raymond James upgraded the recommendation to buy with a price target of $725.
Asiya Merchant from Citi raised the price target from $490 to $750.
C.J. Muse from Evercore ISI raised the price target from $490 to $750.
Wamsi Mohan from Bank of America raised the price target from $390 to $850.
Mark Newman from Bernstein, the most optimistic on the list, upgraded the price target from $580 to $1,000.
The stock price after the declines is $584.
We are monitoring.