SanDisk Corp shares rose 3.25% at the May 20, 2026, market open. This follows a May 19 upgrade from Citigroup, which reiterated its Buy rating and raised its price target. Analysts identified rising NAND flash storage demand for AI infrastructure and hyperscale data centers as the primary growth driver.
Multiple research firms recently increased their price targets following SanDisk's significant year-over-year revenue growth. The company's latest earnings report highlighted strong financial fundamentals. Investor confidence remains high due to an ongoing AI-driven memory chip super-cycle.