Wedbush: Reiterates SanDisk "Outperform" rating with a price target of $2,000.

According to BlockBeats, on August 15, Wedbush reiterated its "outperform" rating on SanDisk stock with a target price of $2,000.

Wedbush analyst Matt Bryson stated that the bank believes its 2028 forecast likely underestimates SanDisk's profitability. Factors such as SanDisk's planned significant share buybacks over the next few years, coupled with extended transaction cycles, justify a premium.