--- title: "Data Storage Stock Lands Major Price-Target Hikes" type: "News" locale: "en" url: "https://longbridge.com/en/news/289065709.md" description: "SanDisk (SNDK) shares rose 5.3% after Bank of America and Mizuho raised their price targets to $2,100 and $2,200 respectively, citing AI strength and supply/demand balance. Despite recent volatility and bearish options sentiment, the stock remains a long-term leader with strong analyst support." datetime: "2026-06-08T13:45:44.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289065709.md) - [en](https://longbridge.com/en/news/289065709.md) - [zh-HK](https://longbridge.com/zh-HK/news/289065709.md) --- # Data Storage Stock Lands Major Price-Target Hikes **SanDisk Corp (NASDAQ:SNDK)** is charging 5.3% higher this morning, starting the session at $1,642.43 after landing two lofty price-target hikes. Bank of America hiked its price target to $2,100 from $1,500, while Mizuho raised its price target to $2,200 from $1,825 -- a 41% upside to Friday's close. The firms cited AI strength and supply/demand balance. SNDK closed out last week by **pulling back** from its June 3 record high of $1,861. Friday's selloff was captured by the ascending 20-day moving average, a long-term trendline of support for the shares. However, the equity remains a long-term leader, up 556% in 2026 so far. Analysts have favored the tech name for some time. Of the 22 in coverage, 19 brokerages sport a "buy" or better, with just three a tepid "hold." The average 12-month price target comes in at $1,466.20, a 10.3% discount to Friday's levels, meaning more price-target hikes could be on the way. Options traders have been more bearish than usual toward SanDisk stock recently. The equity's 10-day put/call volume ratio of 1.19 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks in the 92nd annual percentile. Lastly, SNDK sports a lofty **Schaeffer's Volatility Scorecard (SVS)**. The reading comes in at 88 out of 100) suggesting the equities have each consistently realized higher volatility than its options have priced in. ### Related Stocks - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) - [SNDG.US](https://longbridge.com/en/quote/SNDG.US.md) - [SNDQ.US](https://longbridge.com/en/quote/SNDQ.US.md) - [SNDU.US](https://longbridge.com/en/quote/SNDU.US.md) - [SNXX.US](https://longbridge.com/en/quote/SNXX.US.md) - [BAC.US](https://longbridge.com/en/quote/BAC.US.md) - [MFG.US](https://longbridge.com/en/quote/MFG.US.md) - [8411.JP](https://longbridge.com/en/quote/8411.JP.md) - [SNDKV.US](https://longbridge.com/en/quote/SNDKV.US.md) - [BAC-Q.US](https://longbridge.com/en/quote/BAC-Q.US.md) - [BML-L.US](https://longbridge.com/en/quote/BML-L.US.md) - [BAC-L.US](https://longbridge.com/en/quote/BAC-L.US.md) - [BAC-K.US](https://longbridge.com/en/quote/BAC-K.US.md) - [BML-H.US](https://longbridge.com/en/quote/BML-H.US.md) - [BAC-N.US](https://longbridge.com/en/quote/BAC-N.US.md) - [BAC-E.US](https://longbridge.com/en/quote/BAC-E.US.md) - [MER-K.US](https://longbridge.com/en/quote/MER-K.US.md) - [BAC-O.US](https://longbridge.com/en/quote/BAC-O.US.md) - [BML-G.US](https://longbridge.com/en/quote/BML-G.US.md) - [BAC-M.US](https://longbridge.com/en/quote/BAC-M.US.md) - [BAC-B.US](https://longbridge.com/en/quote/BAC-B.US.md) - [BML-J.US](https://longbridge.com/en/quote/BML-J.US.md) - [BAC-S.US](https://longbridge.com/en/quote/BAC-S.US.md) - [BAC-P.US](https://longbridge.com/en/quote/BAC-P.US.md) - [8648.JP](https://longbridge.com/en/quote/8648.JP.md) ## Related News & Research - [Waddell & Associates LLC Purchases New Position in Sandisk Corporation $SNDK](https://longbridge.com/en/news/289457908.md) - [SNDK, STX and WDC: Mizuho Raises Price Targets for AI Memory Stocks – Here's Why](https://longbridge.com/en/news/289077086.md) - [How Raymond James Financial's Stock Performance Compared to Other Financial Stocks?](https://longbridge.com/en/news/289608053.md) - [How Is Dollar Tree's Stock Performance Compared to Other Consumer Defensive Stocks?](https://longbridge.com/en/news/289630837.md) - [Stocks Set to Extend Rebound Amid AI Dip-Buying](https://longbridge.com/en/news/289175557.md)