Overview
- Citi’s Asiya Merchant reiterated a Buy on Dec. 19, and Benchmark’s Mark Miller kept a Buy with a $260 target on Dec. 18, citing stronger NAND pricing and peer Micron’s AI-driven results.
- S&P Global Ratings on Dec. 8 revised its outlook on Sandisk to positive, affirmed a BB rating, and projected revenue of about $10 billion in 2026 versus $7.3 billion this year.
- JPMorgan initiated coverage on Dec. 8 at Neutral with a $235 target, noting Sandisk’s lower AI exposure relative to peers and warning that 2027 capacity additions could disrupt pricing.
- Jim Cramer said “we’re gonna see Sandisk go up,” adding high-profile commentary to a stock move reported at roughly 560% year to date.
- Analyst commentary points to tight supply and high-teens NAND demand growth in 2026 supporting near-term pricing, with longer-term industry expansions flagged as a risk.