SanDisk Stock Surges with Goldman Price Target Hike

SanDisk SNDK shares climbed more than 3% Monday after Goldman Sachs raised its price target on the memory-chip maker to $2,200 from $1,200, an increase of more than 83%, while maintaining its Buy rating. Analyst James Schneider cited tight NAND supply conditions ahead of SanDisk's fiscal fourth-quarter results in August and an improving product mix as enterprise SSD demand grows among hyperscale cloud customers.

Bernstein also raised its SanDisk price target the same day, adding to the wave of bullish analyst revisions. The moves reflect broader confidence that NAND pricing, which cratered during the prior oversupply cycle, has entered a durable upswing as AI data-center buildouts absorb flash storage capacity.

SanDisk shares have surged roughly 4,885% from their post-spinoff lows, prompting some commentary, including from the Motley Fool, to question how much further the rally can run even as Wall Street keeps raising targets. The split between analysts still raising targets and voices questioning valuation is a reminder that outsized past gains and a still-bullish setup are not mutually exclusive.

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