SNDK has the analyst community going GAGA over the prospect of SNDK in 2nd half.
Goldman,Bear Stearns & Citigroup were all impressed by the fact that SNDK beat theirs and analyst consensus in both Sales & Eps handily in Q1.
They all have SNDK price target from $52 to $55 and are giving SNDK a resounding BUY @ these ridiculous level of $45.20.
All are happy with HIGHER licensing revenue by $50 million to $400 million.
They all are expecting improvement in margin from Q1 14.2% to 15 to 20% starting from Q3.
They all increased their earning estimates for this year & next.
The following are targets for SNDK:
Goldman $53 & TOP PICK as of this AM.
Bear Stearns $55 BUY as of this AM.
Citigroup $52 Buy Positive mis-priced..Memory sectors best secular story.
Looks like we have lot of analyst backing SNDK today.
Good luck to all.
This BLOG does not give buy or sell and is intended for educational purpose only.
Do your own due diligence everyday.
Saleem
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