BofA Securities Starts Sandisk at Buy, $61 Price Target
- Rating
- Buy
- New coverage
- Target
- $61
- First target
- Downside
- −94%
- SNDK at $1,002 today
Bank of America’s latest target on sandisk is now $2,000 (Oct 30, 2026); the median of 8 firms is $2,175. Bank of America has reached 75% of its year-old targets (57 scored).
What the analyst said
BofA Securities analyst Wamsi Mohan initiates coverage on SanDisk (NASDAQ: SNDK) with a Buy rating and a price target of $61.
“SNDK is a leading developer & manufacturer of data storage devices based on NAND flash technology. Our Buy thesis is predicated on (1) improving memory pricing as supply-demand has turned favorable, (2) margins have upside given pricing trajectory and operating leverage, (3) better through-cycle economics given mix of end markets relative to peers, (4) JV structure creates unique shared capex profile and (5) valuation remains attractive relative to peers.
Our PO of $61 is based on DCF & P/B of ~1x C26E P/B, implying 38% potential upside.”
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Where the price stands
SNDK trades at $1,002.
Since the note SNDK has moved +2174% (from $44.09). The 12-month window closed on June 18, 2026.