SNDK is trading 4.9% up at $2151.72 following a new analyst initiation from Mofferies that highlights a strong 2026 outlook and an ongoing NAND supercycle.
- Although Mofferies started coverage with a Neutral rating and a $1,950 target, the firm’s note underscores robust fundamentals and surging AI-driven memory demand.
- The positive commentary is supporting a rebound for the stock after a period of significant volatility and double-digit price swings.
- Analysts pointed to the long-term 2026 run as a key driver for the company's current valuation support.