Goldman Sachs has raised its price targets for several semiconductor and technology stocks, according to a July 6 update cited by TechFlow and sourced from Jin10. AMD (AMD.O) saw its target increased from $450 to $640. SanDisk (SNDK.O) received the biggest upward revision, with its target lifted from $1,200 to $2,200. Qualcomm (QCOM.O) also saw its target raised, moving from $145 to $180. The update reflects a notable adjustment in Goldman Sachs’ valuation expectations for selected names in the semiconductor and broader technology sector. Among the companies mentioned, SanDisk posted the most substantial target-price increase in absolute terms. The report did not provide further rationale in the cited excerpt, but the revisions themselves signal a more constructive stance from the investment bank on these stocks.
TechFlow reported on July 6 that Goldman Sachs raised its price targets for multiple semiconductor and technology-sector stocks. Specifically, the bank lifted its target for AMD (AMD.O) from $450 to $640, raised SanDisk (SNDK.O) from $1,200 to $2,200, and increased Qualcomm (QCOM.O) from $145 to $180.
Among the names listed, SanDisk recorded the largest upward revision, with its new target price reaching $2,200. The update was cited by TechFlow and sourced from Jin10. The cited report also noted that Goldman Sachs had assigned AMD a new target of $640 following the latest revision.
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