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Barchart
Barchart
Aditya Raghunath

Why Rosenblatt Thinks Sandisk Stock Is Headed for $2,400

SanDisk Rosenblatt David Goeckeler SNDK Wamsi Mohan

Eighteen months ago, Sandisk (SNDK) was a newly independent company with a lot to prove. It had just split from Western Digital (WDC) and operated in an extremely cyclical industry. Moreover, investors saw its core product, the NAND flash chip, as a low-value commodity.

CEO David Goeckeler still remembers the warnings. At Sandisk's August 13 Investor Day, he recalled investors pulling him aside to ask why he took the job at all.

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