On June 1, SanDisk rose 3.13% in pre-market trading, trading at $1,747.14/share, with trading volume of approximately $64.34 million.

On the news front, multiple Wall Street firms have significantly raised their price targets on SanDisk. Barclays analyst Tom O'Malley lifted his target from $1,200 to $2,300 and upgraded his rating from Neutral to Overweight. Citi raised its target to $2,025, while Mizuho increased its target to $1,825. Barclays noted the memory sector is entering a new phase driven by long-term contracts, supply tightening, and unprecedented pricing visibility, with supply-demand imbalances potentially persisting through 2027. The firm views SanDisk as one of the biggest beneficiaries of this industry transformation.

Adding to the momentum, SanDisk CTO Alper Ilkbahar stated that the global AI race is increasingly centered on memory rather than compute power, a trend likely to exacerbate unprecedented chip supply shortages. The company is developing high-bandwidth flash (HBF) technology, with memory dies expected to sample by year-end and full products launching next year. HBF offers significantly higher capacity and density than HBM while maintaining comparable bandwidth, positioning it well for future AI inference workloads.

(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.)