Bernstein Lifts SanDisk Target to $3,000, Cites $0.29/GB Floor Price
SNDK•Bernstein raised its price target on SanDisk to $3,000 from $1,700, implying a 46% upside from last close. Long-term agreements secure a NAND flash floor price of $0.29 per GB, well above competitors and insulating revenue against cyclical downturns.
1. Bernstein Raises Price Target
Bernstein increased its price target on SanDisk to $3,000 from $1,700 and maintained an overweight rating, signaling a 46% potential gain from Monday’s closing price. The move drove a 2.2% premarket rise and underscores confidence in the company’s future cash flows.
2. New Long-Term Agreements
SanDisk’s recently signed long-term agreements feature fixed or range-bound pricing, extended terms and upfront commitments. These contracts guarantee a floor price of $0.29 per GB, a level that outpaces competitors and cushions the business against traditional memory market cycles.
3. AI Data Center Growth
Since its February 2025 separation from Western Digital, SanDisk has focused on enterprise and AI-driven storage demand. The company has emerged as a key supplier of flash memory for AI data centers, benefiting from surging component needs in the ongoing memory supercycle.




