Bernstein analyst Mark Newman raised the firm's price target on SanDisk $SNDK to $3,000 from $1,700 and keeps an Outperform rating on the shares.
The firm noted that new memory long-term agreements, or LTAs, are different from older ones, as old LTAs were written in favor of the customer, while newer LTAs have fixed or range bound prices, include upfront financial commitments to lock-in customers and protect downside, and have longer terms.
Based on the data provided by companies, the firm estimates SanDisk's floor price in recently signed LAs is 29c per GB, which compares to a floor price for Micron meaningfully below Q2 levels, the analyst tells investors in a research note.
#BengaluruRains
WHERE IS THE ROAD?
Pathetic state of affairs near the city’s tech corridor (Sarjapura-Dommasandra Road). Thousands of software engineers live here and they start their day figuring out where the potholes are.
For how long should people bear this?
Where there is a Will, There is a Way.
So thankful that all the 41 workers have been safely rescued.
Gratitude to NDRF , SDRF, Army and all those involved in this incredible rescue mission. Jai Hind
#UttarakhandTunnelRescue
#HyundaiIndia I have a 2021 Verna Turbo and I love its design and performance. I am waiting for Tucson PHEV AWD in India which is a dream package. Could you please let us know if there are any plans to launch it in India?
We are proud of Praggnanandhaa for his remarkable performance at the FIDE World Cup! He showcased his exceptional skills and gave a tough fight to the formidable Magnus Carlsen in the finals. This is no small feat. Wishing him the very best for his upcoming tournaments.
Chandrayaan-3 Mission:
'India🇮🇳,
I reached my destination
and you too!'
: Chandrayaan-3
Chandrayaan-3 has successfully
soft-landed on the moon 🌖!.
Congratulations, India🇮🇳!
#Chandrayaan_3#Ch3
@Harsh840595541 @F1 Welcome, don’t get confused by FIA decisions like more fine money if a team cheats by spending more money out of budget cap and wins everything or FIA fires Masi for wrong last lap decision but still retain Masi decision- last two years F1 irregularities has lost lots of fans