The stock moved up more than 6% on Monday after BofA raised the price target, citing strong pricing power and its shift to multi-year contracts to manage cyclical revenue fluctuations.What’s Fueling The Supply Crunch?As DRAM and NAND capacity are increasingly diverted toward AI servers, availability for traditional storage products has tightened, pushing memory prices sharply higher. The trend has turned SanDisk into one of the market’s biggest winners, with the company now valued at roughly $323 billion following a more than 4,800% gain over the past year.Rather than chasing a stock that’s already gone vertical, investors may find a smoother ride through ETFs positioned to benefit from the AI-driven memory boom. AI Storage Boom Boosts ETF ExposureFor ETF investors, the rally has highlighted several funds with unusually large positions in SanDisk, offering exposure to the AI storage theme without the volatility of owning a single stock.Analysts See Further UpsideWall Street remains bullish on SanDisk, citing the company’s market-share gains and shift toward multi-year supply agreements that could reduce earnings volatility.
Bank of America raised its price target from $1,550 to $2,100
