Movement Alert｜SanDisk Rises 3.23% Overnight, AI Storage Super Cycle and Citi Target Price Upgrade to $2025 Continue to Drive Momentum

Market Focus

May 26

On May 26, SanDisk (SNDK) rose 3.23% overnight, trading at $1,537.9 USD/share, with trading volume of approximately $9.18 million. The rebound extends a recovery pattern following multiple bullish catalysts in the storage sector.

On the news front, Citi recently raised SanDisk's target price from $1,300 to $2,025, maintaining a Buy rating, representing over 50% upside. The upgrade reframes SanDisk from a cyclical peak trade into a contractualized NAND supply rights framework. Citi forecasts NAND ASP to surge 186% year-over-year in 2026, with enterprise SSD prices rising approximately 265%.

Additionally, SanDisk CEO David Goeckeler told investors at a JPMorgan conference that the flash memory market will remain in undersupply for a very long time, creating an ideal opportunity as the company shifts toward multi-year agreements with price floors and financial guarantees. SanDisk reported Q3 FY2026 revenue of $11.28 billion, up 106.88% year-over-year, with net income surging 379.98%. Separately, another analyst raised SanDisk to Buy with a $3,000 target, citing a forward P/E of only 7x on FY2027 earnings.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Citi forecasts NAND ASP to surge 186% year-over-year in 2026, with enterprise SSD prices rising approximately 265%.Additionally, SanDisk CEO David Goeckeler told investors at a JPMorgan conference that the flash memory market will remain in undersupply for a very long time, creating an ideal opportunity as the company shifts toward multi-year agreements with price floors and financial guarantees. SanDisk reported Q3 FY2026 revenue of $11.28 billion, up 106.88% year-over-year, with net income surging 379.98%. Separately, another analyst raised SanDisk to Buy with a $3,000 target, citing a forward P/E of only 7x on FY2027 earnings.(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. 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