Barclays, Mizuho, and Susquehanna issued significantly higher price targets for SanDisk (SNDK). Susquehanna raised its target to $3,250 from $2,000.
Channel checks indicate a massive surge in memory chip pricing. Analysts project NAND flash memory prices will rise as much as 100% quarter-over-quarter.
Exploding demand for AI servers and infrastructure fuels the optimistic outlook. This trend follows recent strong results from industry peers Dell and Micron.