Susquehanna Remains Bullish on SanDisk Following STEC, Western Digital Deal, Says Deal Highlights Growth Potential

With shares of STEC STEC nearly doubling over the course of Monday's trading session following a deal with Western Digital WDC, analysts and traders are scurrying around to find ways to play increased sentiment in the industry. Susquehanna analyst Mehdi Hosseini highlighted SanDisk as the sole manufacturer of NAND products with a portfolio of diversified solid-state, drive-related IP -- something Hosseini believes is not yet priced into SanDisk shares. The analyst sees SanDisk's IP as the "key differentiation" between SanDisk and the other players in the space. Hosseini maintains a Positive rating and $77 price target on shares of SanDisk.
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