SanDisk shares surged nearly 14% on August 13 after revealing a $93.9 billion customer backlog at its Investor Day. The company, which spun off from Western Digital in February 2025, is targeting non-GAAP gross margins of 80% and operating margins of 75% through fiscal 2030. CEO David Goeckeler said the 18-month turnaround plan is finally delivering results. The stock is up more than 571% year-to-date, with analyst average price targets sitting roughly 34% above the closing price after the rally.
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