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.
SNDK stock is up.
See the chart and price action here.
Analysts cited an increasingly iron-clad supply/demand imbalance and a new contract structure that analysts say reshapes the economics of the memory industry. $2,100 Price Target BofA reiterated its Buy rating on SNDK while lifting fiscal 2027 revenue and EPS estimates to $44 billion and $187.65, respectively, up sharply from prior forecasts of $37.7 billion and $153.59.
