Storage SanDisk has never stopped overall. Other firms are all raising SanDisk's target price.

Forward: Susquehanna just doubled SanDisk's target price to $2000 — and this time, the framework is collapsing.

Susquehanna overnight raised the SanDisk (SNDK) target from $1000 to $2000.

This is important. Susquehanna is not a momentum firm — it's one of the world's largest options market makers, known for its calm, model-driven discipline. When this company doubles a target, it's not making a decision. It's abandoning a framework.

This is a classic "sell-side capitulation day." SNDK opened at $1195, a new all-time high. Yesterday's after-hours panic reduction of 5.43%? Already reversed.

Why doesn't $2000 look crazy?

1. Contract revenue. SanDisk has signed five multi-year NBM agreements, committing to a total of $42 billion, locking in one-third of FY2027. Cyclical risk premium is collapsing.

2. Earnings re-rating. Cantor's FY2027 EPS is $125. At 16x, that number alone gets to $2000. The bull case isn't far-fetched — it's arithmetic.

3. Supply-side discipline. Beyond Samsung's recent moves, no major NAND player is adding cleanroom capacity. Industry tightness lasts through 2028.

SNDK's story is no longer just about NAND prices. It's whether the entire memory system is being re-priced as a structurally constrained, contract-anchored business. If Susquehanna is right, every analyst model for Micron, SK Hynix, and Samsung Memory should be torn up.

Short-term: $1195 has eaten a lot of upside. The chase here is a position sizing issue, not a thesis issue.

Long-term: When the most disciplined quant capitulates, the cycle doesn't end — it mutates.

The next earnings season for the entire AI infrastructure system just got more interesting.

This is the world's largest options market maker, usually known for its rigor and low profile — its call for a double is like Buffett posting three times on social media recommending meme coins.