SanDisk Stock Draws Higher Price Targets
SanDisk stock drew higher price targets as Citi and Melius cited AI-driven NAND demand, drawing trader attention amid a chip-sector pullback.
KEY TAKEAWAYS
- Citi and Melius raised SanDisk price targets to $2,025 and $2,350 citing AI-driven NAND demand.
- Analysts linked the hikes to accelerating AI infrastructure and hyperscale data-center expansion.
- The shares pulled back amid broader chip-sector weakness despite higher targets.
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SanDisk drew renewed attention on May 19, 2026, after analysts raised price targets, citing accelerating AI-driven demand for NAND flash storage, even as the shares pulled back with the broader chip sector.
Analysts Raise Price Targets on AI Demand
Citi raised its SanDisk price target to $2,025 from $1,300 and maintained a Buy rating. Melius Research increased its target to $2,350 from $1,500, describing it as a Street-high, and also kept a Buy rating. Both firms attributed the increases to accelerating demand for NAND storage linked to artificial intelligence infrastructure and hyperscale data-center expansion.
Market Pullback on May 19
Reports showed conflicting intraday figures for the stock’s decline, with one citing a 1.5% drop and another 3.6%. The pullback coincided with weakness across the broader chip sector. The price-target notes circulated in the morning ET window between 7:43 a.m. and 8:32 a.m., followed by sector commentary and the intraday pullback between 10:42 a.m. and 11:14 a.m.
The divergence between rising analyst targets and the shares’ intraday cooling has renewed debate over SanDisk’s valuation and investor expectations for its exposure to AI-related storage demand.
