Sandisk shares rise 5.56% intraday after analysts upgrade revenue forecasts by 38% and boost price targets.

Sandisk Corporation (NASDAQ:SNDK) surged 5.56% during intraday trading, driven by a combination of analyst upgrades, robust earnings growth, and heightened demand for AI-driven data storage solutions. Industry analysts revised 2026 revenue forecasts upward by 38% to $15 billion, accompanied by a 62% increase in the consensus price target to $676. The stock’s rally aligns with its fiscal Q2 results, which showed a 61% year-over-year revenue jump to $3 billion and non-GAAP earnings of $6.20 per share, fueled by strong NAND flash demand in data centers and AI applications. Analysts highlighted Sandisk’s potential to outpace industry peers, forecasting 200% annualized revenue growth through 2026, well above the sector’s 7.5% average. The stock’s performance also reflects optimism about sustained NAND shortages and strategic partnerships, such as extended collaborations with Kioxia. These factors collectively reinforced investor confidence in Sandisk’s growth trajectory and profitability.