Sandisk Corporation (SNDK) saw its shares climb 3.08% in pre-market trading, benefiting from increased demand for NAND flash memory driven by AI infrastructure spending and ongoing supply scarcity.
- Morgan Stanley raised its price target on SNDK to $483 while maintaining an Overweight rating.
- The company projects significant growth for FY26, with sales expected to rise 42% to $10.45B and EPS projected to jump 350% to $13.46.
- A new 2X leveraged ETF targeting SNDK launched today, signaling heightened trader focus on the stock, which is currently trading at $485.29.