JPMorgan2026-08-14 11:56:57JPMorgan raises Sandisk to overweight with $2,250 price targetJPMorgan has upgraded Sandisk (SNDK) from neutral to overweight and set a $2,250 price target, according to CNBC, implying about 47% upside from Thursday’s close. The call comes after a sharp rally in the stock, which is already up 544% year to date. JPMorgan analyst Harlan Sur said the rapid growth of AI inference is driving a structural inflection in NAND demand, putting Sandisk in what he described as a uniquely favorable position. He also pointed to faster AI adoption lifting storage demand and tightening supply conditions. At its investor day in New York, Sandisk said it would roll out new business models including structured pricing mechanisms and prepayment agreements with large customers. JPMorgan said that framework could help improve margins and reduce cyclicality. The company has already signed eight related long-term agreements with a total contract value of about $94 billion based on floor pricing, with a weighted average term of more than four years. LSEG data shows 22 of 25 analysts covering the stock rate it buy or strong buy, while the other three rate it hold.1440
CoreWeave2026-08-12 11:46:35CoreWeave Q2 Earnings Beat Expectations, Five Firms Raise Price TargetsWall Street analysts held a constructive view on CoreWeave's Q2 results, with revenue reaching $2.575 billion, up 112% year-over-year. Five analysts raised price targets, including Wells Fargo to $160, Piper Sandler to $153, and Baird to $130, citing strong growth in net new active megawatts, solid Q3 bookings, and enterprise AI diversification. JPMorgan and Mizuho maintained neutral ratings with modest target increases to $120 and $115, noting improved Q2 margins but lingering near-term revenue uncertainties.1590
