Sandisk Stock Surges on Bullish Outlook, Revenue Forecast
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- Wedbush said Sandisk's long-term targets signify meaningful earnings power for the flash memory maker.
- Sandisk stock surged as Wall Street cheered the company's bullish outlook, which includes a forecast of mid-to-high-teens revenue growth.
- Goldman flagged Sandisk among its top stock ideas following the company's 2Q earnings results.
Why it matters: Sandisk's mid-to-high-teens revenue growth forecast triggered a bullish response across Wall Street — with Wedbush highlighting earnings power and Goldman naming it a top idea — signaling that post-2Q earnings, the flash memory maker has won over multiple analyst desks rather than just one.
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