Benchmark substantially raised its price target on SanDisk (SNDK) shares to $450 (up from $260), maintaining a Buy rating, citing the company's strong position as a pure-play NAND flash leader benefiting from soaring AI infrastructure demand.
- The firm highlighted the stock's explosive performance, which is up 946% since its February 2025 spin-off from Western Digital.
- The upgrade reflects massive sector growth driven by rising enterprise SSD prices.