Goldman Sachs will release its Sandisk report tonight:

It has raised the target price to $3,100 and believes there is potential for the stock to rise further to $4,000.

Goldman Sachs said:
“ We are focusing on the recently signed New Business Model (NBM) agreement of SNDK.
Our updated model has incorporated deterministic revenue from five NBM agreements. Of these, three agreements were signed in the third fiscal quarter, corresponding to approximately $42 billion of remaining performance obligations (RPO); the other two agreements were signed at the beginning of the fourth fiscal quarter, and the corresponding RPO balance has not yet been disclosed.
We estimate that these five agreements, in total, represent at least about $62 billion in minimum committed revenue over the coming years, and they also include more than $11 billion in financial guarantees and advance payments. This gives SNDK unprecedented visibility into future revenue and cash flows.”