SanDisk (SNDK) Stock Hits One-Month High as Bulls Eye New Record
TLDR
- SanDisk stock surged above $1,700, gaining more than 6% in overnight trading and reaching a new one-month high.
- The rally followed SanDisk’s August 13 Investor Day, where the company outlined strong financial targets and long-term NAND contracts.
- Wall Street remains bullish, with Bernstein targeting $3,000 and Cantor setting a $2,900 price target for SNDK.
- Strong AI data center demand, tight memory supply, and rising enterprise SSD usage continue to support the broader memory sector rally.
- SanDisk stock now faces a key resistance level near $2,000, while its previous record around $2,354 remains the next major target.
SanDisk (SNDK) Stock Price Forecast: Surging Past $1,700 Mark, Will Memory Frenzy Push SNDK to New Record?
SanDisk stock moved above $1,700 on August 17 after overnight buying extended its rally. Shares climbed more than 6% and traded above $1,740, marking a new one-month high.
The move came as memory stocks advanced in Asian trading. Samsung Electronics, SK Hynix, Kioxia, and Changxin Technology posted gains, keeping investor attention on the memory sector.
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