---
title: "Sandisk Just Got a $2,100 Price Target as AI Keeps NAND Supply Tight"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/300713867.md"
description: "Citi Research raised SanDisk's price target to $2,100 with a buy rating, citing tight NAND supply through 2028 driven by AI data center demand. This follows Micron's strong Q4 earnings, where NAND revenue surged 42% sequentially. Analysts expect supply constraints to sustain pricing and boost SanDisk's profitability visibility as AI infrastructure continues to increase storage needs."
datetime: "2026-10-01T17:47:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/300713867.md)
  - [en](https://longbridge.com/en/news/300713867.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/300713867.md)
generator: "portal-rs"
---

# Sandisk Just Got a $2,100 Price Target as AI Keeps NAND Supply Tight

Sandisk Corp. (SNDK, Financials), the flash-memory and storage company, could benefit from tight NAND supply through 2028 as artificial intelligence data centers increase demand for solid-state storage, according to Citi Research.

The forecast comes after Micron Technology's fourth-quarter earnings, which revealed a 42% sequential increase in NAND revenue. Bit shipments rose by 10%, while prices grew by almost 30%, above Citi's 20% average expectation.

In 2026, Micron anticipates that the growth of its NAND supply will lag behind that of the industry as a whole. Industry NAND bit shipments are predicted to rise at a mid-20% rate in 2027 and 2028, notwithstanding supply constraints.

If AI infrastructure continues to drive storage demand, that scenario might sustain pricing and enhance Sandisk's profits visibility.

Atif Malik, a Citi analyst, explicitly mentioned data centers offloading AI key-value cache tasks with less expensive SSDs. The company kept Sandisk's $2,100 price goal and buy rating.

Micron's stock dropped approximately 1.6% on Thursday, while Sandisk's was down nearly 0.7% at $1,728.

Next, investors will keep an eye on NAND prices, industry bit growth, and the need for data center storage connected to AI to see if supply constraints can last until 2028.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**