Sandisk Stock Has More Room to Run Even After 660% Rally, According to Bank of America
Memory chip and AI-driven data storage stocks are among the market's hottest areas right now, and Sandisk (SNDK) has been one of the biggest beneficiaries of the trend. Demand continues to rise as AI adoption accelerates and cloud companies invest heavily in expanding storage cap
Memory chip and AI-driven data storage stocks are among the market's hottest areas right now, and Sandisk (SNDK) has been one of the biggest beneficiaries of the trend. Demand continues to rise as AI adoption accelerates and cloud companies invest heavily in expanding storage capacity.
That strong backdrop has helped fuel a massive rally in SNDK stock over the past several months. Shares recently received another boost after Bank of America raised its 12-month price target from $1,550 to $2,100, catching investors' attention. Even after dropping more than 11% on June 5, Sandisk quickly rebounded 5% to $1,642 on June 8 and has continued to climb this week.
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The reason is simple. AI keeps pushing memory demand higher, NAND supply remains tight, and investors still see Sandisk as one of the cleanest ways to play the storage shortage.
Sandisk is a pure-play flash memory company now, not just a Western Digital (WDC) unit in disguise. The company sells NAND-based storage for data centers, PCs, edge devices, and consumer electronics. Since the spinoff in 2025, the market has treated Sandisk like a direct bet on AI storage demand and the pricing power that comes with it.
