Bank of America is telling clients the memory shortage is nowhere near over — and that Sandisk Corp. (NASDAQ:SNDK) is the cleanest way to own it.
On Wednesday, bank analyst Wamsi Mohan reiterated a Buy rating on Sandisk and lifted his price objective from $2,100 to $2,500 a target that sits about 25% above where the stock changed hands at the time of this writing.
The upgrade to the target is not a call on the next print alone. It is a call on how long the imbalance lasts.
Why BofA Thinks The Squeeze Holds
“We expect supply/demand imbalance in the NAND market to remain through 2027,” Mohan wrote. Pricing, he says, holds up through at least mid-2027.
