SanDisk Price Target Raised 59% to $1,750, Supply Shortage to Persist
SNDK•SNDK•SNDK•SNDK•Morgan Stanley lifted SanDisk’s price target by 59% to $1,750, projecting further gains as tight memory supply extends over the next two to three years. Susquehanna also raised its target to $3,250, citing expectations for 50%-100% sequential ASP increases in DRAM and NAND.
Morgan Stanley lifted its SanDisk price target to $1,750 from $1,100 and maintained an Overweight rating, implying a 59% increase. SanDisk shares jumped nearly 7% to a record high on this upgrade.
Susquehanna raised its price target to $3,250 from $2,000 while keeping a Positive rating. The firm projects second-quarter DRAM ASPs will climb 50%-60% and NAND ASPs will rise 75%-100% sequentially.
Tight memory supply is expected to persist for two to three years as AI infrastructure spending accelerates. SanDisk, ranked third in NAND market share, has surged 658% year-to-date, though retail sentiment remains bearish with low message volumes.
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