SanDisk (SNDK) Stock: Three Upgrades Send Shares Soaring Thursday

TLDR

• RBC Capital initiated coverage with a ‘Sector Perform’ rating and $400 price target, citing NAND flash memory demand
• Bernstein raised price target from $300 to $580 on unprecedented NAND shortage and price increases
• Barclays boosted target from $220 to $385 as part of 2026 semiconductor outlook
• SanDisk plans to double prices for high-capacity enterprise NAND in Q1 2026
• Stock jumped nearly 6% in pre-market trading on Thursday

The rally comes as Wall Street firms raised their outlook for the memory storage company. RBC Capital initiated coverage with a ‘Sector Perform’ rating and a $400 price target, according to TheFly. That represents a modest 3% upside from Wednesday’s closing price.

Sandisk Corporation, SNDK

The firm pointed to strong demand for NAND flash memory storage as a key driver. RBC analysts also highlighted growth opportunities from artificial intelligence infrastructure needs.

Price Target Surge from Multiple Firms

Bernstein delivered the most bullish call. The firm lifted its price target to $580 from $300 while keeping an ‘Outperform’ rating intact.

That target implies 53% upside from current levels. Bernstein cited an unprecedented NAND memory shortage driving the revision.

The firm raised estimates for SanDisk based on escalating prices in the memory market. Bernstein believes SanDisk offers the most upside potential in the near term.

Barclays joined the upgrade party with its own target increase. The firm raised its price target to $385 from $220 while maintaining an ‘Equal Weight’ rating.

The adjustment came as part of Barclays’ broader 2026 outlook for the semiconductor industry.

Enterprise Price Hike on the Horizon

SanDisk’s pricing strategy added fuel to the stock’s momentum. A Toms Hardware report last week revealed the company plans to double prices for 3D NAND enterprise solid state drives in Q1 2026.

The exact impact on mainstream flash memory prices remains unclear. However, enterprise segment changes typically filter down to smartphone and personal computer memory pricing.

The move reflects tight supply conditions in the NAND market. Memory manufacturers have struggled to keep pace with surging demand from data centers and AI applications.

SanDisk’s pre-market gains Thursday reflected investor confidence in the company’s ability to capitalize on these market dynamics. The stock’s surge put it firmly in the spotlight among semiconductor plays.

Three major firms raising price targets in quick succession is rare. The convergence of analyst optimism and pricing power gave investors clear reasons to buy.

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