Susquehanna raised its SanDisk price target to $3,250 from $2,000. The firm reiterated its positive rating on the stock.
Norges Bank disclosed a new stake of nearly 2.2 million shares. This institutional investment is valued at approximately $519 million.
SanDisk shares have risen sharply in 2026 amid an artificial intelligence infrastructure boom. This growth follows surging demand for NAND flash memory.
The Kioxia-SanDisk alliance is increasing capital expenditure by 41% year-over-year. This strategic allocation aims to bolster the company's position in the NAND market.