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SanDisk Stock Surges on Earnings Beat as NAND Supply Crunch Drives Rally

SanDisk Stock Surges on Earnings Beat as NAND Supply Crunch Drives Rally

Author:

Global Cryptocurrency

Published:

2026-02-01 15:15:02

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BTCCSquare news:

SanDisk shares jumped 7% after crushing Q2 earnings estimates with $6.20 EPS versus $3.49 expected, while revenue hit $3.03 billion against $2.67 billion projections. The rally reflects Raymond James' upgrade to Buy with a $725 target, calling it "one of the most delayed upgrades in history" amid a 143% YTD gain.

Analysts see structural NAND shortages persisting through 2026, with Morgan Stanley and RBC Capital raising targets to $690 and $650 respectively. Pricing could surge 60% sequentially as inventory nears sold-out levels—a dynamic mirroring crypto market supply squeezes where scarcity fuels valuation spikes.

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