SanDisk Shares Soar 3.41% on Buy Rating, NAND Flash Optimism

Sandisk (SNDK) shares rose to their highest level since April 2025 today, with an intraday gain of 3.41%.

The strategy of buying SNDK shares after they reached a recent high and holding for 1 week showed poor performance over the past 5 years. The annualized return was -18.4%, significantly underperforming the market. This indicates that relying on recent highs as a timing point and holding for a short duration is not a profitable strategy for SNDK.

Bank of America has initiated coverage on SanDisk (SNDK) with a Buy rating and set a price target of $61. This move has been driven by an improving outlook for NAND flash memory, which has positively influenced the stock's movement. The positive market reception and increased investor interest following the coverage initiation have contributed to the upward trend in SanDisk shares.

SanDisk's financial performance has also been a significant factor in its stock price movement. The company reported revenue of $1.70B for the quarter ending March 28, 2025, with a 1.80% growth rate. This favorable financial performance has supported the stock price increases, reflecting the company's strong market position and growth prospects.

The announcement by the Trump administration of a reciprocal tariff plan has implications for global trade, which could indirectly affect Sandisk through changes in supply chain and market dynamics. This development adds an element of uncertainty to the company's future performance, but the overall sentiment remains positive due to the strong financial results and analyst coverage.