TLDR
- SanDisk stock gained nearly 6% in pre-market trading Thursday following multiple analyst upgrades
- Bernstein set a $580 price target, representing 53% upside potential from current levels
- RBC Capital initiated coverage with a $400 target citing NAND flash memory demand growth
- Company plans to double enterprise NAND prices in first quarter of 2026
- Three major firms upgraded targets based on memory shortage and AI infrastructure demand
SanDisk Corp. (SNDK) shares surged in Thursday’s pre-market session as analysts raised price targets and the company announced enterprise pricing plans.
The memory storage manufacturer saw shares climb nearly 6% before the opening bell. Multiple Wall Street firms issued upgrades based on tight NAND supply conditions.
RBC Capital initiated coverage with a ‘Sector Perform’ rating and $400 price target. The firm expects continued strength in NAND flash memory storage demand.
Analysts at RBC also highlighted secular growth from artificial intelligence infrastructure buildout. The $400 target represents roughly 3% upside from Wednesday’s close.
Bernstein Sees 53% Upside Potential
Bernstein delivered the most bullish projection. The firm raised its price target to $580 from $300 while maintaining an ‘Outperform’ rating.
The new target suggests 53% upside from current price levels. Bernstein cited an unprecedented NAND memory shortage driving the optimistic outlook.
The firm increased estimates for SanDisk based on accelerating price escalations in the memory market. Bernstein views SanDisk as having the most near-term upside among memory manufacturers.
Barclays also joined the upgrade wave. The firm lifted its target to $385 from $220 while keeping an ‘Equal Weight’ rating on shares.
The Barclays adjustment came within its broader 2026 semiconductor sector outlook. The firm sees improving fundamentals across memory chip makers.
Enterprise Price Doubling Plan
SanDisk plans to double prices for 3D NAND enterprise solid state drives in Q1 2026, according to Toms Hardware. The pricing change targets high-capacity storage solutions for data centers.
While mainstream flash memory pricing impact remains uncertain, enterprise changes typically flow through to consumer products. Smartphone and personal computer memory often follows enterprise pricing trends.
The planned increase reflects constrained supply across the NAND industry. Memory producers have struggled to meet surging demand from cloud computing and AI applications.
Market Reaction and Sentiment
The convergence of three analyst upgrades in rapid succession caught investor attention. Price targets ranging from $385 to $580 show broad optimism about SanDisk’s prospects.
Memory shortage conditions appear worse than previously expected. Analysts across firms pointed to unprecedented tightness in NAND supply as justification for higher targets.
SanDisk’s ability to raise enterprise prices demonstrates pricing power. The company can capitalize on supply constraints while demand from AI infrastructure continues growing.
The stock’s pre-market performance Thursday reflected investor confidence in these dynamics. Shares outpaced broader semiconductor sector gains in early trading.
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