SanDisk (SNDK) shares recently surged following strong quarterly results driven by AI data center demand, though the stock is currently seeing a pre-market pullback. The company reported 61% revenue growth and a fivefold increase in EPS, contributing to a 129% YTD gain.
- Bernstein raised its price target to $1,000, highlighting the company's pricing power and expansion of high-bandwidth NAND through a Japanese JV.
- Despite the positive outlook, the stock is trading at $606.02 (-3.85%) in pre-market, following a close of $630.29 on 2026-02-12.
- The current dip reflects broader sector volatility and mixed market sentiment following Cisco's negative earnings reaction.