Goldman Sachs analyst James Schneider said sentiment on SanDisk remains very positive, driven by strong pricing momentum, and Nvidia’s recent memory controller announcement.
- Goldman Sachs raised the firm’s price target on SanDisk to $320 from $280 and kept a ‘Buy’ rating on the shares.
- Mizuho raised the firm’s price target on SanDisk to $410 from $250.
- Shares have skyrocketed 718% in the past six months.
Shares of SanDisk rallied on Friday as several analysts raised the price target on the stock fueling more optimism into retail traders.
Goldman Sachs analyst James Schneider raised the firm’s price target on SanDisk to $320 from $280 and kept a ‘Buy’ rating on the shares. He said that the sentiment remains very positive, driven by strong pricing momentum, and Nvidia’s (NVDA) recent memory controller announcement, as per TheFly.
The increasing optimism comes amid growing demand for artificial intelligence, data center deployments, and memory chips even as a global supply shortage is boosting Dynamic Random Access Memory (DRAM) and NAND Flash prices.
Sandisk’s Solid-State Drives (SSD) are powering AI workloads through enterprise storage. At the 2026 Consumer Electronics Show (CES), Sandisk announced the rebranding of its high-performance lines, launching the Sandisk Optimus SSD brand.
Shares soared nearly 13% higher on Friday. Shares have skyrocketed 718% in the past six months.
Buoyed Streets
Mizuho raised the firm’s price target on SanDisk to $410 from $250 and kept an ‘Outperform’ rating on the shares. The firm adjusted targets in the semiconductors and semiconductor capital equipment group as part of its 2026 outlook. Mizuho sees continued upside for the group in 2026 due to “attractive valuations,” but more modest than 2025.
BofA also raised the firm’s price target on SanDisk to $390 from $300 and kept a ‘Buy’ rating on the shares after Nvidia (NVDA) CEO Jensen Huang presented “Vera Rubin” and co-developed chips that will drive significant improvement in performance for AI workloads at the Consumer Electronics Show in Las Vegas.
Part of the performance increase coming from the ability to handle larger context windows for AI models through a dedicated storage tier connected via a Bluefield-4 chip elevates NAND to a more prominent tier in AI workloads and allows for significant performance improvements, the analyst said in a note to investors.
Separately, demand remains strong and pricing robust, which should drive significant positive estimate revisions for SanDisk, the analyst added.
How Did Stocktwits Users React?
Retail sentiment around SNDK trended in ‘extremely bullish’ territory amid ‘extremely high’ message volume.
One user predicted that the stock price will reach $1000 and compared it to SMCI.
Another bullish user said they will hold the stock until it hits the $400 mark.
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