SanDisk Q1 revenue outlook could pressure shares, says Wedbush Wedbush expects SanDisk to report better than expected Q4 results but thinks the company could guide Q1 revenue down 13% quarter-over-quarter, below the consensus estimate of down 11%. Wedbush says the guidance could pressure shares, but it expects the favorable NAND supply/demand environment to continue thru 2014. The firm raised its price target for shares to $82 from $71 and reiterates an Outperform rating on SanDisk.
SanDisk upgraded to Buy from Neutral at Goldman Goldman Sachs upgraded SanDisk to Buy saying the weakening in the yen will likely be a positive for margins in 2015. Goldman raised its price target for shares to $106 from $87.