On May 29, SanDisk (SNDK) rose 3.14% in regular trading, trading at $1,700.42 USD/share, with trading volume of approximately $27.53 billion. The rally extends a multi-session upward momentum driven by a series of bullish analyst upgrades and fundamental catalysts in the AI storage space.

On the news front, Susquehanna raised its target price on SanDisk from $2,000 to $3,250 while maintaining a positive rating, representing nearly 91% upside from current levels. This follows Barclays analyst Tom O'Malley's significant upgrade earlier this week, lifting the target from $1,200 to $2,300 and upgrading the rating from Hold to Overweight. Mizuho also raised its target to $1,825. Barclays noted that the memory and storage sector is entering a new phase driven by long-term contracts, supply tightening, and unprecedented pricing visibility, with supply-demand imbalance potentially persisting through 2027.

Additionally, SanDisk CTO Alper Ilkbahar revealed that the company is developing High Bandwidth Flash (HBF) memory, with chip samples expected by year-end and full products launching next year, positioning SanDisk at the forefront of next-generation AI inference storage solutions.

(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.)