Analysts Reset Sandisk Stock Forecast After Massive Rally Shares of Sandisk Corporation (SNDK) have surged nearly 500% year to date as investors flock to semiconductor and memory-related stocks, driven by heightened demand for high-performance storage solutions tied to AI infrastructure and data center expansion. The stock closed at $1,409.98 on May 6, marking a 100% increase over the previous month, according to Yahoo Finance data. This rally has been fueled by Wall Street’s optimism around AI-driven spending, which has intensified demand for advanced memory products from hyperscalers, cloud providers, and data centers. Options traders have also shown aggressive buying activity in semiconductor stocks, with call buying for memory-related names like Intel and Micron signaling further upside potential. Sandisk’s recent fiscal third-quarter 2026 results, released on April 30, exceeded Wall Street expectations significantly. The company reported revenue of $5.95 billion, a 251% year-over-year increase, and GAAP net income of $3.62 billion, or $23.03 per diluted share. Non-GAAP diluted net income per share reached $23.41, surpassing analyst forecasts by nearly $9. The revenue growth was attributed to stronger pricing power and a shift toward higher-value customers, particularly in the data center segment. Datacenter revenue surged 645% year over year to $1.47 billion, reflecting the sector’s rapid expansion. Sandisk’s CEO, David Goeckeler, highlighted the company’s strategic pivot toward high-value markets, stating, “This quarter marks a fundamental inflection point for Sandisk — where our technology leadership is enabling a deliberate shift in our mix toward the highest value end markets, led by Datacenter.#bank_of_america #sandisk_corporation #bernstein #david_goeckeler #wamsi_mohan
