Benchmark Increases SanDisk (SNDK) PT to $85 Following a Price Hike Announcement

Sandisk Corporation (NASDAQ:SNDK) is one of the best IPO tech stocks to buy now. On September 8, Benchmark raised the firm’s price target on SanDisk to $85 from $70, while keeping a Buy rating on the shares after the company indicated its prices would increase more than 10% on all products for channel and consumer customers for new quotes and orders.

SanDisk Corporation’s revenue in FQ4 2025 was $1.901 billion, which was a 12% increase quarter-over-quarter and an 8% increase year-over-year. For FY2025, the total revenue reached $7.355 billion, which was up 10% from FY2024.

SanDisk’s revenue was driven by a mid-single-digit increase in both bit shipments and average selling prices/ASPs. The company’s data center business represented over 12% of total bits shipped, with cloud revenue at $213 million, which was up 25% year-over-year. Client revenue was $1.103 billion, while consumer revenue was $585 million.

Sandisk Corporation (NASDAQ:SNDK) develops, manufactures, and sells data storage devices and solutions using NAND flash technology in the US, Europe, the Middle East, Africa, Asia, and internationally.

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Disclosure: None. This article is originally published at Insider Monkey.