Citi Raises SanDisk Price Target to $2,500, Sees 26% Upside

Citi raised its price target on SanDisk (SNDK) to $2,500 from $2,025 on June 25, 2026, maintaining a Buy rating. Analyst Asiya Merchant sees the stock having an additional $500 upside above the consensus analyst target of $1,912.

Rating Change

• Previous Target: $2,025
• New Target: $2,500
• Rating: Buy (maintained)
• Consensus: $1,912.04 (12-month average)

Analyst Rationale

Merchant believes SanDisk is well-positioned to capture market share in the flash memory segment, driven by increasing demand for high-capacity storage solutions in data centers and AI applications. She also notes that the company's new products could boost margins.

Context

The bullish call comes as the stock trades near the consensus, suggesting the market has not fully priced in the growth potential Citi sees. Most other analysts hold more moderate views.

What to Make of It

Citi's target hike reflects confidence in SanDisk's strategy, but investors should consider that forecasts may not materialize if market conditions or competition change.