UPDATE: Stifel Raises PT on SanDisk on Increasing SSD Demand

In a report published Friday, Stifel analyst Kevin Cassidy reiterated a Buy rating on SanDisk Corporation (NASDAQ: SNDK), and raised the price target from $70.00 to $75.00.

In the report, Stifel noted, “We are increasing our estimates for SanDisk based on the increasing demand for both client and enterprise SSDs. In our view, SanDisk's product mix can continue to improve with more exposure to the higher gross margin and more stable SSD market compared with lower-performance consumer markets. We maintain our Buy rating.”

SanDisk Corporation closed on Thursday at $62.26.