TLDR
- SanDisk (SNDK) stock jumped 10.65% Wednesday and gained another 2% in pre-market trading Thursday, driven by sector-wide momentum in memory and storage stocks.
- The rally followed rival Micron’s announcement that it began shipping HBM4 high-bandwidth memory chips ahead of schedule, boosting enthusiasm across the storage sector.
- SanDisk shares hit an intraday high of $608.17 Wednesday before closing at $585.00, recovering from a 7% drop earlier in the week.
- The company is developing a high-bandwidth flash NAND product designed to function as an HBM-like option for AI data centers.
- Year-to-date, SNDK has surged over 150%, with management noting they cannot fully meet surging demand and expect supply-demand imbalance to persist into 2026.
SanDisk stock climbed 10.65% Wednesday to $585.00 and continued its ascent with a 2% gain in pre-market trading Thursday. The surge came without company-specific news.
Instead, the move reflected broader enthusiasm for memory and storage stocks. Rival Micron announced it had begun shipping HBM4 high-bandwidth memory chips ahead of schedule.
While SanDisk doesn’t produce HBM chips, the news highlighted the competitive landscape for high-speed memory solutions. Investors piled into storage stocks across the board.
The stock reached an intraday high of $608.17 Wednesday before settling at $585.00. That marked a solid recovery from Tuesday’s close of $541.62.
Earlier in the week, SNDK dropped 7% after Samsung began mass production of its latest HBM4 memory chips ahead of schedule. The news initially pressured storage stocks.
However, Wednesday’s rally more than erased those losses. Momentum traders and sector rotations appeared to drive much of the buying activity.
Supply Constraints Support Growth Outlook
Management recently stated the company cannot fully meet surging demand. That supply-demand imbalance is expected to persist into 2026.
SanDisk is developing a high-bandwidth flash NAND product intended as an HBM-like option for AI data centers. This positions the company to capture AI infrastructure spending.
The constrained supply environment supports continued pricing power. Revenue growth looks sustainable as data center operators scramble for storage solutions.
Year-to-date, SNDK has posted one of the market’s strongest performances with gains exceeding 150%. The stock now trades 19.31% below its 52-week high of $725.00.
Analyst Outlook and Valuation
Wall Street analysts rate SNDK a Moderate Buy with 11 Buy ratings and four Hold ratings issued over the past three months. No analysts currently rate the stock a Sell.
Price targets range from $235 to $1,000, reflecting wide disagreement on valuation. The average target sits at $637.33, implying modest upside of 6.34% from current levels.
Some analysts see the stock approaching fair value after the recent rally. Others believe AI-driven storage demand remains in early stages.
Trading volume reached 8.85 million shares Wednesday, representing 57.8% of the average daily volume. The elevated activity suggests strong institutional interest.
The consensus brokerage recommendation stands at 2.0 on a scale where 1 equals Strong Buy and 5 equals Sell. This indicates “Outperform” status among Wall Street firms.
Shares currently trade at $585.00, sitting roughly 2,000% above the 52-week low of $27.89. The massive run-up raises questions about near-term volatility as some investors lock in profits.
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