BofA Securities Raises Sandisk Price Target to $1,080
- Rating
- Buy
- Target
- $1,080
- from $900 (+20%)
- Upside
- +8%
- 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 raised the price target on SanDisk (NASDAQ: SNDK) to $1,080 (from $900) while maintaining a Buy rating.
“NAND pricing is up massively. A key question we get from investors is whether higher pricing is sustainable. Or, are we in a typical memory cycle and have margins peaked? We see a longer cycle this time given: 1) mix shift to data centers which inherently is a less cyclical end market vs. client/consumer, 2) NAND demand from AI inferencing which we view as sustainable in the medium-term, and 3) NAND suppliers being rational and adding supply judiciously.
Cloud/datacenter revenue for SNDK has grown from 1% of the mix in F1Q24 to about 15% in F2Q26 (Dec qtr, Figure 1) and we see further mix shift to that end market. PO moves to $1080 (from $900) on approximately 10x (unchanged) C27E EPS of $111.32 (prior $90.21). Reit Buy on secular opportunity as AI inference makes NAND more indispensable.”
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Where the price stands
SNDK trades at $1,002.
Since the note SNDK has moved +9% (from $919). 12-month window: day 208 of 365, closes on April 17, 2027.