Citi Raises SanDisk Stock Price Target to $2,025 Amid AI-Driven Demand Surge

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2026-05-21 22:37:01

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SanDisk stock (NASDAQ: SNDK) has captured Wall Street's attention with a meteoric rise from $40 in August 2025 to $1,600 by May 2026—a 3,000% gain in just 10 months. Citi analyst Asiya Merchant now projects a $2,025 price target, citing insatiable demand from AI data centers as the catalyst for margin expansion above 80%.

The memory manufacturer's long-term supply agreements and dominant position in high-bandwidth storage have made it a standout performer, eclipsing even top AI software firms. At current levels near $1,392, the new target implies 45% upside potential—turning a $1,000 investment into $1,450 if achieved.

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