Movement Alert｜SanDisk Rises 3.4% in Pre-Market Trading, AI Storage Super Cycle Momentum Continues as Citi Raises Target to $2,025

Market Focus

May 26

On May 26, SanDisk (SNDK) rose 3.4% in pre-market trading, trading at $1,527.93 USD/share, with trading volume of approximately $74.8 million. The rebound extends a recovery pattern driven by multiple bullish catalysts in the storage sector.

On the news front, Citi recently raised its target price on SanDisk from $1,300 to $2,025, implying over 50% upside, citing an unprecedented AI-driven storage super cycle. Citi forecasts NAND average selling prices to surge 186% in 2026, with enterprise SSD prices climbing approximately 265%, fueled by insatiable AI training and inference demand from hyperscalers. Additionally, SanDisk CEO David Goeckeler told investors at a JPMorgan conference that the flash memory market will remain undersupplied for a very long time, as the company shifts toward multi-year agreements to stabilize pricing and visibility. SanDisk reported Q3 fiscal 2026 revenue of $5.95 billion, up 252% year-over-year, with gross margins reaching 78.4% and AI data center business accounting for over 60% of revenue. The company also authorized $6 billion in share buybacks.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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