5 big analyst AI moves: Apple lifted to Buy, AI chip bets reassessed
Investing.com - Jefferies has significantly raised its price target on SanDisk (NASDAQ:SNDK) to $180.00 from $60.00 while maintaining a Buy rating. The stock, currently trading at $149.33, has surged nearly 290% year-to-date and sits near its 52-week high of $150.82.
The firm cited improved pricing outlook, hard disk drive shortages, and rapid proliferation of multimodal large language models as key factors driving positive momentum for the memory chip maker. According to InvestingPro, SanDisk maintains a "GOOD" overall financial health score and has achieved 10.4% revenue growth in the last twelve months.
Jefferies expressed continued confidence in SanDisk’s prospects into year-end, noting that NAND pricing trends remain resilient as the company works to qualify multiple Tier 1 customers for its UltraQLC platform in the first half of 2026.
The new price target represents a substantial 200% increase from the previous target and is based on a 15x multiple applied to Jefferies’ calendar year 2027 earnings per share estimate of $12.16.
The analyst’s bullish outlook comes amid broader industry tailwinds in the memory sector, with artificial intelligence applications creating increased demand for high-capacity storage solutions.
In other recent news, SanDisk has seen multiple analysts raise their price targets due to developments in the NAND market. Benchmark increased its price target to $125, highlighting a rise in NAND pricing, while maintaining a Buy rating. Mizuho also raised its target to $112, citing improvements in the NAND and enterprise SSD markets, with anticipated tailwinds in the second half of 2025. Morgan Stanley elevated its target to $96 and upgraded SanDisk to Top Pick status, driven by strong demand from hyperscalers for NAND enterprise solid-state drives. Additionally, Benchmark had previously raised the target to $85, following SanDisk’s announcement of a price hike exceeding 10% across its product range. Cantor Fitzgerald reiterated its Overweight rating with a $50 target, noting modest growth expectations for exabytes in 2025. These recent developments reflect a generally positive outlook on SanDisk’s future performance in the market.
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