BofA Securities Raises Sandisk Price Target to $1,550
- Rating
- Buy
- Target
- $1,550
- from $1,080 (+44%)
- Upside
- +55%
- 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 $1,550 (from $1,080) while maintaining a Buy rating.
“SNDK reported a strong beat to F3Q rev/EPS and guided F4Q massively above Street expectations. Bit shipments were down q/q but datacenter bits increased double digits while consumer and client declined. Pricing was robust across the board (+137% q/q) resulting in DC rev +233% q/q.
During F3Q, Sandisk signed three multi-year deals (new business models or NBMs) and two additional so far in F4Q with active talks with “several other customers.” The three deals that were signed in the qtr will provide at least $42bn in contractual revs (recorded qtrly) and Sandisk is guaranteed payments of $11bn in case of termination of contracts.
This dynamic offers some protection to SNDK in case of a downcycle where customers could choose to back out of capacity commitments. Reiterate Buy on valuation, undervalued JV assets, eSSD share gains in C26, & long-term potential for industry consolidation.”
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Where the price stands
SNDK trades at $1,002.
Since the note SNDK has moved −9% (from $1,097). 12-month window: day 194 of 365, closes on May 1, 2027.