BofA Raises SanDisk (SNDK) Price Target to $2,100, Keeps Buy Rating

SanDisk Corporation (NASDAQ:SNDK) is one of the 10 Best Performing Growth Stocks So Far in 2026. On June 8, BofA analyst Wamsi Mohan lifted the firm’s price target on SanDisk Corporation (NASDAQ:SNDK) from $1,550 to $2,100 and kept a Buy rating on the stock after the company’s investor relations team attended the bank’s 2026 Global Technology Conference in San Francisco.

Investor discussion focused on SanDisk Corporation’s (NASDAQ:SNDK) multi-year supply agreements with customers. The company refers to these as new business models (NBMs). Under these contracts, prices remain fixed for an initial period before moving to variable pricing. The structure is designed to keep margins within the guidance even if prices hit the floor.

BofA Raises SanDisk (SNDK) Price Target to $2,100, Keeps Buy Rating

BofA sees these contracts as “win-win” because they secure supply for customers while also providing the company with more predictable financial results. BofA kept its Buy rating on SanDisk Corporation (NASDAQ:SNDK), pointing to “valuation, beneficial joint venture partnership, share gains, and long-term potential for industry consolidation.”

The bank also raised its fiscal 2027 revenue and EPS estimates for SanDisk Corporation (NASDAQ:SNDK) to $44 billion and $188, respectively, up from BofA’s previous forecasts of $37.7 billion and $154. The bank highlighted “strong trends in pricing and continued strong demand.”

Sandisk Corporation (NASDAQ:SNDK) is an American computer technology company that designs and manufactures flash solutions and advanced memory technologies, including SSDs, memory cards, and USB Flash Drives.

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