Bank of America analyst Wamsi Mohan raised the SanDisk price target to $900 from $850. Mohan reiterated a Buy rating, citing strong AI-driven demand for NAND memory. His 2026 revenue and earnings per share estimates now exceed Wall Street consensus.
SanDisk shares fell on Monday despite the bullish analyst update. The stock moved against a broader market rally.
Investors engaged in aggressive profit-taking following a massive one-year surge in share value. A recent lock-up expiration also triggered selling pressure. Insiders and former parent company Western Digital sold shares to realize gains.