SanDisk stock soars on AI‑driven NAND demand after analyst price‑target upgrades

SanDisk (NASDAQ:SNDK) shares surged 22% in mid‑day trading, reaching $2,335 after analysts raised expectations. Citi lifted its price target to $2,500 and reiterated a Buy rating, citing a tight NAND market through 2027 and growing AI‑led datacenter demand. Morgan Stanley kept a Buy stance with a $1,750 target, also pointing to AI‑driven demand for high‑performance flash memory.

The rally follows Micron’s record earnings, which reinforced confidence in the memory‑chip sector. SanDisk reported fiscal Q3 revenue of $5.95 billion, up 97% sequentially, and a net margin of 34.2%, supporting the bullish outlook. The current Wall Street consensus is a Strong Buy, with a 12‑month average price forecast of $1,873.