SanDisk Stock Surges 544% YTD as JPMorgan Upgrades Rating to Overweight

JPMorgan upgrades SanDisk to overweight with $2,250 target, citing AI-driven NAND demand and new pricing models. Shares up 544% YTD amid strong analyst consensus.

Woofun AI reports that JPMorgan upgraded SanDisk (SNDK) from "neutral" to "overweight" on August 14, setting a $2,250 target price. This valuation implies roughly 47% upside from Thursday's close, following a 544% gain for the stock year-to-date. Analyst Harlan Sur stated that rapid AI inference growth is shifting NAND demand structurally, positioning SanDisk to benefit from resulting supply constraints. The company announced new business models, including structured pricing and advance payments, which JPMorgan believes will enhance margins and reduce volatility. SanDisk has signed eight long-term agreements worth approximately $94 billion at lower price estimates, with average durations exceeding four years. LSEG data indicates that 22 of 25 covering analysts rate the stock "buy" or "strong buy", while three assign "hold."