SanDisk (SNDK) Stock Surges 14% After Investor Day Sets 80% Margin Target

TLDR

• SanDisk stock rose ~4% in Friday premarket after surging 13.67% on Thursday following its 2026 Investor Day
• The company outlined long-term targets including ~80% gross margins and ~50% adjusted free cash flow margins through fiscal 2030
• Analysts at Evercore ISI, Mizuho, Citi, and Barclays all reiterated Outperform or Buy ratings
• SanDisk’s High-Bandwidth Flash (HBF) technology is expected to begin shipping samples in 2027 and could rival HBM at a fraction of the cost
• The average 12-month price target sits at $2,181, implying ~43% upside from current levels

SanDisk (SNDK) was trading up 3.98% at $1,589.00 in Friday premarket, building on Thursday’s 13.67% surge that followed the company’s 2026 Investor Day.

Sandisk Corporation, SNDK

At its Investor Day on August 13, SanDisk laid out a long-term financial model targeting mid-to-high-teens revenue growth through fiscal 2030. The company also set goals of approximately 80% gross margins, roughly 75% operating margins, and about 50% adjusted free cash flow margins.

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