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SanDisk shares jump 7% premarket after Investor Day sparks bullish price target upgrades.

Analyst Insights
14 Aug 2026
24/7 Wall Street
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Bullish
SanDisk shares jump 7% premarket after Investor Day sparks bullish price target upgrades.

SanDisk shares surged about 7% in premarket trading following a 13.67% gain the previous day, driven by a positive Investor Day and renewed coverage from J.P. Morgan with a $2,250 price target. Other memory stocks like Micron and SK hynix also rose, reflecting a broader sector rally. Analysts highlighted SanDisk's new business model with long-term agreements worth $94 billion, boosting margin stability and reducing cyclicality. Management projects strong revenue growth and high profit margins through 2030, supporting a bullish outlook despite NAND's cyclical nature.

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