SNDK
Another analyst, same vibe
SanDisk keeps collecting bullish notes like it’s handing out free samples. This time, Bank of America raised its price target to $1,080 from $900 and stuck with a Buy rating.
Why BofA is getting excited
Analyst Wamsi Mohan said NAND supply remains tight, which is Wall Street-speak for: there still isn’t enough product floating around, so pricing can keep climbing. Add in AI-driven demand, and you get the kind of setup analysts love because it makes margin math look a lot prettier.
What it means for your portfolio
When supply is tight and demand is sticky, memory names can go from boring storage boxes to surprise momentum stocks real fast. The risk, of course, is that this trade can get crowded — and crowded trades love to pretend they’re invincible right before they aren’t.
Big picture
SanDisk is getting a pretty clear message from analysts: if NAND pricing stays strong, the stock could keep riding the wave. The market now has to decide whether this is a durable cycle — or just another very enthusiastic chapter in the memory boom story.