BlockBeats News, August 6th. Jefferies lowered its price target for Sandisk (SNDK) from $3000 to $1750 while maintaining a "Buy" rating. Analyst Blayne Curtis stated that the company's performance in the June quarter was strong, but the September quarter guidance only met expectations, which may dampen investor enthusiasm in the short term.Sandisk expects NAND revenue growth in the September quarter to slow compared to the June quarter, with both bit shipments and average selling prices seeing moderate increases. The management also lowered the gross margin guidance, as the lower margins from long-term agreements offset the benefits of price improvements.The Edge business remained the largest contributor to growth in the June quarter, with revenue growing nearly 400% year-over-year, accounting for 61% of total revenue. Jefferies believes this may include aggressive inventory building, which could translate into short-term pressure on bit shipment growth over the next few quarters. Consumer business revenue fell 32% quarter-over-quarter to $556 million, mainly due to price increases squeezing market demand.The data center will be Sandisk's primary growth engine in the future. The company's new business model has expanded to 8 customers in the data center and Edge business, with over 50% of planned bit output for FY2027 and around 67% for FY2028 already secured through customer commitments.