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Stocks•28 April 2026•

1 min read

Morgan Stanley Hikes SanDisk Price Target to $1,100 on AI-Driven NAND Supercycle

Key Facts

1Morgan Stanley raised its price target for SanDisk to $1,100 from $690, maintaining an overweight rating.

2The positive outlook is based on a NAND pricing supercycle driven by AI demand and constrained supply.

Morgan Stanley has significantly raised its price target for SanDisk from $690 to $1,100, maintaining an Overweight rating ahead of the company's Q3 2026 earnings report. The upward revision is driven by an expected 'supercycle' in NAND pricing, fueled by robust demand for Artificial Intelligence (AI) applications and constrained global supply. Analysts believe these structural tailwinds will propel earnings per share (EPS) well above the current Wall Street consensus. The bank highlighted that limited supply capacity is likely to enhance the company's pricing power in the near term. This substantial target hike reflects growing confidence in SanDisk's strategic positioning within the semiconductor and data storage sectors.

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