Analysts raised SanDisk (SNDK) price targets due to surging AI-driven NAND flash demand.
Morgan Stanley increased its price target to $1,100. Melius Research initiated coverage with a Buy rating and a $1,350 target.
SanDisk will report fiscal third-quarter results on April 30. Analysts cite an AI-driven NAND supercycle causing supply shortages and higher prices.
Shares rose over 5% in morning trading. The stock has maintained significant growth throughout 2026.