SanDisk Corp shares soar on AI memory demand, analysts lift price targets

SanDisk Corp (NASDAQ:SNDK) has seen its stock price surge more than 500% year‑to‑date, driven by booming demand for high‑bandwidth memory and NAND flash used in artificial‑intelligence data centers. Institutional investors such as Prudential PLC, Allworth Financial, Tredje AP fonden and others added new stakes in the fourth quarter, collectively investing roughly $19 million in the company.

Analysts from Morgan Stanley, Barclays, Mizuho, Susquehanna and other firms have raised price targets, some to as high as $3,250, citing SanDisk’s strong margins, long‑term supply agreements with hyperscalers and leadership in AI‑focused memory technology. While the bullish outlook emphasizes continued growth in AI infrastructure, analysts also warn of heightened volatility, valuation pressures and potential slowdown in hyperscaler capital spending. The stock’s rapid rise and frequent upgrades make it a focal point for investors seeking exposure to the AI memory supercycle, but the elevated multiples suggest limited upside for more risk‑averse participants.