Wedbush: Reiterates Outperform Rating on Square, Target Price $2000

August 15th, Wedbush reiterated its "Outperform" rating on Sandisk stock with a target price of $2000.

Wedbush analyst Matt Bryson stated that the firm believes its 2028 estimate likely underestimates Sandisk's earnings power. Sandisk will repurchase a significant amount of shares in the coming years, along with an extended product cycle, factors that warrant a certain premium.