Sanford Bernstein: SanDisk Is Out-Innovating The World
SanDisk Corporation (NASDAQ: SNDK) made a big announcement Tuesday with its launch of a new storage solution for big data, said analysts at Sanford Bernstein.
The product, InfiniFlash, offers 512 TB of data storage for hyperscale and enterprise markets at a price of less than $2 per GB of data.
The analysts could not have been more clear: "This is very disruptive and very competitive with other all-flash offerings."
Moreover, the analysts said that the market does not yet understand how disruptive this was, based off the share price reaction in response.
SanDisk's "ability to innovate is undervalued," the analysts concluded. InfiniFlash will enable new categories of storage solutions, providing upside to Bernstein's best-case scenario.
Bernstein gave SanDisk an Outperform rating and a price target of $100, a 26.5 percent premium.
Sandisk stock is up 4.6 percent on Wednesday afternoon.
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