Bank of America raised its SanDisk price target to $1,080 from $900. The firm maintains a Buy rating on the stock.
Analysts cite strong NAND pricing and a strategic shift toward data centers. Surging demand from AI inferencing also drives the increased valuation.
SanDisk shares appreciated approximately 2,800% over the past year. Robust demand for NAND flash memory and storage products fueled this rally.
The company will join the Nasdaq-100 index on April 20, 2026. Market observers expect tight memory supply conditions to persist.