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Nauman Khan

Sandisk Stock Has More Room to Run Even After 660% Rally, According to Bank of America

SanDisk Bank of America Memory Mizuho SNDK Cantor Fitzgerald Wamsi Mohan

Memory chip and AI-driven data storage stocks are among the market’s hottest areas right now, and Sandisk (SNDK) has been one of the biggest beneficiaries of the trend. Demand continues to rise as AI adoption accelerates and cloud companies invest heavily in expanding storage capacity.

That strong backdrop has helped fuel a massive rally in SNDK stock over the past several months. Shares recently received another boost after Bank of America raised its 12-month price target from $1,550 to $2,100, catching investors' attention. Even after dropping more than 11% on June 5, Sandisk quickly rebounded 5% to $1,642 on June 8 and has continued to climb this week.

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