Susquehanna Analyst Maintains SanDisk Positive While Raising Micron Target to $525
Susquehanna analyst Mehdi Hosseini maintained a Positive rating on SanDisk while raising Micron’s price target to $525 from $345 on stronger DRAM and NAND pricing. He said AI inference workloads and KV-caching demand could boost NAND bit consumption over 10%, keeping ASPs above January forecasts through Q2 2026.
1. Sector Pricing Trends
DRAM and NAND average selling prices are tracking meaningfully above January forecasts, driven by inventory restocking and AI-driven workloads. This pricing strength is expected to persist into the second quarter of 2026 as data center and inference applications ramp up demand.
2. Analyst Adjusts Price Targets
Mehdi Hosseini raised Micron Technology’s price target to $525 from $345 and lifted targets on Samsung Electronics and SK Hynix, while affirming a Positive rating on SanDisk. Updated models now reflect stronger ASP trajectories across both DRAM and NAND markets.
3. Implications for SanDisk
SanDisk stands to gain from increased NAND caching demand tied to inference workloads and KV-caching use cases, which could add over 10% to bit demand. Execution on margin preservation amid planned capacity expansions will be key to maintaining valuation support.