SanDisk Shares Jump as Analyst Predicts $2,600 Price Target
Evercore ISI initiates coverage on SanDisk with Outperform rating and $1,200 target, seeing bull case of $2,600. Stock surges as it joins Nasdaq 100.
Evercore ISI initiates coverage on SanDisk with Outperform rating and $1,200 target, seeing bull case of $2,600. Stock surges as it joins Nasdaq 100.
SanDisk surged after Bernstein raised its price target to the highest level on Wall Street and sharply boosted earnings estimates, driven by strong NAND memory prices and AI demand.
Morgan Stanley analyst says the recent drop in memory stocks is a healthy pullback. Memory supply remains the key constraint for AI growth, with strong cash flow expected to drive Micron and other stocks higher.
Memory giants Sandisk, Micron, Seagate and Western Digital plunged after Google Research unveiled TurboQuant — an AI algorithm that slashes memory needs by 6x with zero accuracy loss.
Micron just completed a huge Taiwan factory buy and announced a second site by late 2026. Shares soared, lifting other memory stocks too.
Sandisk (SNDK) rises 3% in premarket trading after teaming up with SK Hynix to standardize High Bandwidth Flash (HBF), a new memory tech designed to power efficient AI inference in data centers.