- SanDisk shifted to new long-term NAND LTAs with fixed or range pricing, longer terms and upfront commitments; estimated floor price about $0.29/GB, supporting durable NAND revenue for SNDK.
- Jefferies raised SanDisk (SNDK) price target to $3,000, citing higher memory prices and potential enterprise SSD share gains from data center and AI demand.
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Key facts: SanDisk adopts NAND LTAs; Jefferies raises SNDK PT $3,000
SanDisk shifted to new long-term NAND LTAs with fixed or range pricing, longer terms and upfront commitments; estimated floor price about $0.29/GB, supporting durable NAND revenue