Analysts Raise Price Targets on CRWD, DELL, SNDK
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- CrowdStrike Holdings (CRWD) saw Truist's Junaid Siddiqui reiterate a buy rating and raise his price target to $245 from $187.50 ahead of August 26 Q2 FY27 earnings, citing continued momentum in Falcon Flex adoption, large deal activity, and platform consolidation tailwinds.
- Dell Technologies (DELL) shares are up 251% year-to-date on AI server demand, and Evercore's Amit Daryanani raised his price target to $550 from $500 while highlighting the Storage business — just 10% of FY27 revenue but with low-20% operating margins versus mid-single-digits for AI servers — as an underappreciated margin catalyst.
- SanDisk (SNDK) was resumed at J.P. Morgan with a buy rating and a $2,250 price target by Harlan Sur, who projects the NAND total addressable market to grow from ~$70 billion in 2025 to ~$500 billion by 2027, driven by hyperscalers deploying flash for AI inference workloads.
- SanDisk's eight signed New Business Model agreements represent ~$94 billion in total contract value at approximately 80% gross margins even at floor pricing, and its BiCS10 technology is sampling ahead of schedule with 65% more bits per wafer than BiCS8, per J.P. Morgan.
- The three named analysts — Siddiqui (No. 226), Daryanani (No. 19), and Sur (No. 15) — carry TipRanks win rates of 71-80% with average returns of 38-43%, lending weight to the upgrades despite Middle East tensions and rising bond yields pressuring global markets.
Why it matters: Each pick targets a distinct AI value-chain layer with a specific margin or demand thesis: CrowdStrike on cybersecurity platform consolidation, Dell on on-premises storage margins (low-20% operating margin vs. mid-single-digit for AI servers), and SanDisk on NAND supply tied to AI inference at hyperscalers — the latter backed by ~$94 billion in locked-in contracts at 80% gross margins. The collectively raised price targets signal top-decile analyst conviction even as Middle East tensions and bond-yield pressure weigh on broader markets.
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