SanDisk shares rose 15.5% in premarket trading after Citi raised its 12-month price target to $2,500 from $2,025, citing stronger NAND fundamentals and durable AI-led data center demand. Analysts highlighted KV cache offloading and Micron’s record quarter as key drivers behind the broader memory and storage stock rally.
Citi lifted its 12-month price target on SanDisk to $2,500 from $2,025, citing improved NAND fundamentals and a 90-day upside catalyst view. The firm expects better pricing and robust AI-driven data center demand to support SanDisk’s revenue growth over the coming quarters.
Micron’s record-setting quarterly results underscored accelerating capital spending on AI memory, reinforcing bullish sentiment for NAND suppliers. This sector-wide rally in memory and storage stocks drove gains in SanDisk shares alongside peers like Western Digital and Applied Materials.
Analysts pointed to KV cache offloading as a key technological driver, where cost-effective SSDs enhance efficiency for AI workloads. Durable demand from data centers is expected to bolster pricing power and improve the supply-demand balance in the NAND market.
SanDisk shares surged 15.5% in premarket trading as investors sought exposure to expanding AI memory trends. The jump reflects optimism that SanDisk is well positioned to capture momentum from industry-wide AI spending and stronger NAND pricing environments.
