Overview

• Shares jumped 13.36% Wednesday to $144.30 after an intraday peak of $144.55, extending gains to more than 300% year to date.
• Goldman raised its target to $140 from $55, Citigroup to $150 from $115, and Wells Fargo to $115 from $50, while Cantor set $180 citing AI storage demand plus a NAND recovery.
• Wedbush’s Dan Ives suggested Sandisk could be a takeover candidate as he forecast an AI M&A wave, which remains speculative.
• The company reported fiscal 2025 revenue of $7.3 billion, up 10%, with earnings of $2.99 per share versus a prior-year loss.
• Shares remain volatile given U.S.–China trade tensions tied to its China manufacturing footprint; Q1 fiscal 2026 results are due Nov. 6 with a 4:30 p.m. ET call.