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SanDisk outlines revenue growth outlook through the end of the decade

The company also signaled it expects to sustain high profitability as its long-range revenue targets roll forward.

Reported · Written up by our desk · Guidance

SanDisk shares rose as the memory-chip company laid out revenue-growth forecasts that extend to the end of the decade, according to MarketWatch.

The outlet said SanDisk’s outlook also includes an expectation that profitability will remain high over the same period, an element investors are watching alongside the longer-term sales trajectory.

MarketWatch noted that the guidance is part of the reason Wall Street is focused on the stock’s forward path, rather than only near-term results.

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