On August 17, SanDisk Corp. rose 3.9% overnight, trading at $1,704.49/share with turnover of $279 million, extending last week's powerful rally that saw the stock gain over 35% in five trading sessions.

The continued strength follows SanDisk's Investor Day on August 13, where the company unveiled a long-term financial model projecting FY2028-2030 revenue growth at mid-to-high double digits, non-GAAP gross margins of approximately 80%, operating margins of approximately 75%, and adjusted free cash flow margins of approximately 50%. The company also committed to returning 100% of excess cash to shareholders and disclosed $939 billion in long-term contract value locked in from eight customers.

Multiple investment banks responded by raising targets: JPMorgan upgraded to Overweight with a $2,250 target price, Goldman Sachs reiterated Buy with a $2,200 target, and RBC Capital Markets raised its target to $1,600. SanDisk additionally announced that its first HBF chip has completed tape-out, with initial samples expected for delivery in 2027, representing a potential new growth vector in AI inference applications.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)