The firm boosted the price target to $106 from $87 for the flash storage card products company.
Goldman Sachs raised annual EPS estimates to $6.30 from $5.75 for fiscal 2015, and to $6.80 from $6.70 for fiscal 2016.
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"The continued weakening in the yen will likely be a positive for margins," said Goldman Sachs analyst Mark Delaney. "We believe SanDisk will guide 2015E margins above the Street on its 4Q call."
Separately, TheStreet Ratings team rates SANDISK CORP as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate SANDISK CORP (SNDK) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."