Barclays has revised its outlook on SanDisk (SNDK, Financial), decreasing the price target from $50 to $39 while maintaining an Equal Weight rating for the stock. This adjustment comes in light of the company's updated models for semiconductors and semiconductor capital equipment, which have been revised to account for the potential impact of tariffs and ongoing trade tensions as the first quarter earnings approach.
The analyst, Tom O’Malley, noted that the target multiples for China and consumer risks have been reduced, indicating caution in the face of these economic uncertainties. These changes reflect the firm's strategic assessment of the broader geopolitical landscape affecting the semiconductor industry.
