SanDisk Corp. (SNDK) saw its stock price surge 5.19% during Friday's intraday trading session, driven by a combination of bullish analyst actions and strong industry tailwinds for NAND memory products.
Mizuho significantly raised its price target on SanDisk to $410 from $250, while Goldman Sachs increased its target to $320 from $280 and maintained a Buy rating. These upgrades reflect growing confidence in the company's growth prospects, particularly in the high-demand NAND memory market.
The rally comes amid broader industry optimism about memory stocks, with AI-driven demand creating shortages for high-end NAND chips. SanDisk, as a pure-play NAND manufacturer, stands to benefit from this secular shift in data center investments and AI infrastructure development.
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