SanDisk Soars as Wall Street Hikes Targets on 'Unprecedented' NAND Shortage
AI-fueled demand is outrunning NAND supply to boost pricing power.
Overview
- SanDisk jumped 7.6% Thursday to $417.10, extending a 63% gain across the first nine trading days of 2026.
- Bernstein raised its price target to $580, Benchmark lifted to $450, Barclays moved to $385, and RBC initiated coverage at $400.
- Bernstein characterized the market as facing an "unprecedented" shortage of NAND flash memory, supporting higher pricing and estimates.
- A Tom's Hardware report said SanDisk plans to double prices for certain enterprise 3D NAND SSDs in the first quarter of 2026.
- Short interest has climbed to about 6.4% of shares, and Barclays warned the rally could fade if manufacturers add new production capacity.