Bank of America Securities analyst Wamsi Mohan raised the SanDisk Corp (SNDK) price target to $900 from $850 on Monday.
Mohan reiterated a Buy rating for the company. The analyst expects the ongoing artificial intelligence boom to drive strong demand for NAND memory through 2026.
Mohan increased revenue and earnings per share estimates above the current Wall Street consensus. SanDisk shares rose on Monday, extending a significant year-to-date rally.
The upgrade follows several recent price target increases and underscores positive sentiment regarding SanDisk's role in the AI infrastructure market.