Sandisk Soars 258% in Q2, Analysts Raise Price Targets to $3,000

According to MarketWatch, Sandisk (SNDK-US) surged 258% in the second quarter, marking the company's best single-quarter performance since becoming an independent public company in February 2025. The stock rose an additional 10.9% on Tuesday, June 30.

Bernstein analyst Mark Newman raised his price target from $1,700 to $3,000, implying 32% upside, citing benefits from longer-term memory chip supply agreements with improved pricing terms. Jefferies analyst Blayne Curtis similarly elevated his target to $3,000, citing sustained memory price increases and Sandisk's expanding enterprise SSD market share.