On August 20, SanDisk Corp. rose 3.89% in pre-market trading, trading at approximately $1,612.99/share, with turnover of $26.54 million, extending an oversold recovery pattern.

On the news front, following a more than 9% decline in the prior session amid a broad storage sector selloff, multiple investment banks reaffirmed bullish stances. JPMorgan maintained its Overweight rating and $2,250 target price, with analysts noting that AI inference is driving structural changes in NAND demand and that SanDisk's long-term customer agreements and structured pricing could reduce cyclical volatility. China Renaissance raised its target price from $2,000 to $2,250 while maintaining a Buy rating. According to FactSet, the consensus analyst target price stands at $2,230.88, implying significant upside from current levels.

Additionally, TrendForce data showed the top five overseas NAND manufacturers posted combined Q2 revenue growth of 77% quarter-over-quarter, further validating industry momentum and providing fundamental support for the post-selloff rebound.

(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.)