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International Business Times

Business

Sandisk Has Had a Scorching Rally This Year. JPMorgan Thinks It Can Go Much Higher.

SanDisk JPMorgan Harlan Sur CNBC Memory

The investment bank upgraded Sandisk to overweight from neutral on Friday and set a $2,250 price target on the stock, representing about a 47% upside from Thursday's closing price. (Credit: Justin Sullivan/Getty Images)

Sandisk shares have already surged more than 500% in 2026, but JPMorgan believes the flash memory company still has significantly more room to run as artificial intelligence fuels soaring demand for data storage.

The investment bank upgraded Sandisk (SNDK) to overweight from neutral on Friday and set a $2,250 price target on the stock. That target represents about 47% upside from Thursday's closing price, according to CNBC.

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