SanDisk in spotlight as BofA ups price target to $2,100 on 'tight' supply-demand balance

MSN
2026.06.08 11:49
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Bank of America raised its price target for SanDisk (SNDK) to $2,100 from $1,500, citing a tight supply-demand balance and robust pricing trends. Analyst Wamsi Mohan highlighted that over a third of fiscal 2027 revenue is secured via new business models, providing financial stability. Consequently, SanDisk's shares rose 4.6% in premarket trading.