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SanDisk Stock Surges to Record High Amid Strong Demand and Upgraded Price Target

SanDisk Stock Surges to Record High Amid Strong Demand and Upgraded Price Target

Author:

Global Cryptocurrency

Published:

2026-01-21 11:32:02

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BTCCSquare news:

SanDisk shares soared 9.5% to an all-time high of $446.42, capping an 88% year-to-date rally in 2026. The memory maker's stock has gained over 1,100% since its spin-off from Western Digital in February 2025, emerging as one of the market's top performers.

Citi analyst Asiya Merchant boosted her price target to $490 from $280, maintaining a Buy rating. The upgrade reflects expectations of sustained demand and tight supply conditions through 2027, driven by AI infrastructure needs and Nvidia's new Rubin chip requirements.

Wall Street anticipates Q2 earnings of $3.32 per share on January 29, a sharp increase from $1.23 in the prior-year period. Revenue is projected at $2.63 billion as the company capitalizes on mid-20s% growth in flash storage demand.

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