US Stock Market Move | SanDisk (SNDK.US) rose nearly 8%, with Bank of America and Mizuho Securities significantly raising their target price.

On Tuesday, Sandisk (SNDK.US) rose nearly 8%, reaching $177.1. In terms of news, supported by strong NAND demand, favorable pricing trends, and a new wave of long-term supply agreements, Bank of America Corp recently raised Sandisk's target price from $1550 to $2100 and maintained a "buy" rating on the stock. Bank of America analyst Wamsi Mohan wrote in a report, "So far, Sandisk has locked in over a third of its revenue for the 2027 fiscal year through the new business model, which means the company still has over 60% of NAND supply available for customer purchase - even though prices have risen compared to a year ago. With time, we believe Sandisk is likely to incorporate a higher proportion of supply into these new business models, thereby making profit performance more stable." Mizuho Bank recently raised Sandisk's target price from $1825 to $2200 and maintained an "outperform market" rating. Analyst Vijay Rakesh from the bank listed several macroeconomic factors driving NAND demand, including AI workloads boosting enterprise solid-state drive consumption and inference computing driving context window demand exceeding 2 million tokens.