SanDisk Stock Jumps After Multiple Analysts Raise Price Targets

SanDisk stock moved higher after several Wall Street analysts turned more bullish on the company and raised their 12-month price targets. The updates came on Monday, June 8, and included moves from Mizuho Securities and BofA Securities, along with other prominent analysts.

The analysts’ optimism followed SanDisk’s strong quarterly report at the end of April and added to the recent attention on AI-related chip stocks. The company’s stock had already surged in May, though it has also seen pullbacks since then.

The new reports suggest that some analysts believe the recent weakness in memory stocks may not be a major concern for SanDisk. Investors are also comparing SanDisk with Nvidia, though the two companies operate in different parts of the chip market.

SanDisk stock rose after multiple analysts raised their price targets on the company.

The source texts mention Mizuho Securities, BofA Securities, and other Wall Street analysts.

SanDisk published a strong quarterly report at the end of April, which helped fuel bullish interest.

SanDisk is a memory company focused on NAND, not GPUs like Nvidia.

The Motley Fool

Sandisk published a blockbuster quarterly report at the end of April. May saw very strong bullish momentum for AI chip stocks.

The Motley Fool

Nvidia's GPU business is a bit more stable than Sandisk's NAND business. Sandisk is currently growing faster than Nvidia.

Finbold

Monday, June 8, proved a big day for SanDisk (NASDAQ: SNDK) stock ratings as three prominent Wall Street experts issued highly bullish 12-month price target already before the morning bell.

Barrons

Analysts at Mizuho Securities and BofA Securities lift their price targets for Sandisk stock.

The Motley Fool

Nvidia's CEO thinks the AI revolution is just getting started -- last week's sell-off notwithstanding. Two analysts raised price targets on Sandisk this morning.

The Motley Fool

Chip stock sold off last week, but Nvidia's CEO thinks the AI revolution is just getting started. Nvidia is tying up with Sandisk rival SK Hynix to improve memory chips performance and production.

Benzinga

SanDisk Corp. (NASDAQ:SNDK) shares climbed Monday after Bank of America dramatically raised its price objective on the NAND flash giant to $2,100 from $1,550 — a 35% jump from Friday's close.

Zacks Investment Research

Sandisk's shift to multi-year NAND supply deals is boosting margins, cash flow and AI-driven datacenter growth, with more revenue now under firm commitments.

Proactive Investors

SanDisk (NASDAQ:SNDK) has won a higher price target from Bank of America, with the bank lifting its objective to $2,100 from $1,550 on the back of robust NAND demand, favourable pricing trends, and a new wave of long-term supply agreements. At BofA's 2026 Global Technology Conference in San Francisc...

Barrons

Investors look set to carry on buying the dip in memory-chip makers, which took a beating in last week's brutal AI pullback.

Barrons

There's no need for Wall Street to worry about the artificial-intelligence trade fizzling out.

The Motley Fool

Chip stocks are losing ground today, and Sandisk is participating in the pullback. Investors are showing signs of nervousness ahead of SpaceX's upcoming IPO.

Seeking Alpha

Sandisk Corporation remains a compelling Buy after its recent pullback, driven by structural AI-driven NAND demand, robust multi-year supply partnerships, and Nvidia RTX Spark-driven edge content growth. Its five NBMs already secure a RPO of $42 billion, covering more than one-third of anticipated F...