BofA Global Research raises PT on Sandisk to $390

BofA Global Research raises PT on data storage device maker Sandisk SNDK.O to $390 from $300

New PT represents 11.5% upside to stock's last close

Brokerage cites NAND flash evolving from cyclical commodity into strategic AI infrastructure component, boosting pricing margins and long‑term earnings power

NAND flash is core memory technology used in data storage devices such as solid state drives

Demand remains strong and pricing robust, which should drive significant positive estimate revisions, brokerage says

14 of 20 brokerages rate stock "buy" or "higher" and 6 "hold"; median PT is $276 - data compiled by LSEG

SNDK debuted in February 2025 after splitting from Western Digital WDC.O and has risen 980.7% in last nine months