SanDisk Corp (NASDAQ:SNDK) is charging 5.3% higher this morning, starting the session at $1,642.43 after landing two lofty price-target hikes. Bank of America hiked its price target to $2,100 from $1,500, while Mizuho raised its price target to $2,200 from $1,825 -- a 41% upside to Friday's close. The firms cited AI strength and supply/demand balance.
SNDK closed out last week by pulling back from its June 3 record high of $1,861. Friday's selloff was captured by the ascending 20-day moving average, a long-term trendline of support for the shares. However, the equity remains a long-term leader, up 556% in 2026 so far.
Analysts have favored the tech name for some time. Of the 22 in coverage, 19 brokerages sport a "buy" or better, with just three a tepid "hold." The average 12-month price target comes in at $1,466.20, a 10.3% discount to Friday's levels, meaning more price-target hikes could be on the way.
Options traders have been more bearish than usual toward SanDisk stock recently. The equity's 10-day put/call volume ratio of 1.19 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks in the 92nd annual percentile.
Lastly, SNDK sports a lofty Schaeffer's Volatility Scorecard (SVS). The reading comes in at 88 out of 100) suggesting the equities have each consistently realized higher volatility than its options have priced in.
