New York, Jan 22, 2026, 16:04 EST — Trading after hours.
- SanDisk shares climbed 1.4% Thursday, hitting a high of $515.59 before settling just above $500.
- Citi raised its price target to $490 and maintained a Buy rating, pointing to strong demand from hyperscaler data centers.
- Investors are eyeing the Jan. 29 results for new clues on NAND pricing and supply discipline.
SanDisk Corp shares climbed 1.4% to $508.09 on Thursday, bouncing between $468.12 and $515.59 during the session. Trading volume hit roughly 19.2 million shares.
SanDisk’s recent surge has propelled it to the top of the S&P 500 leaderboard in 2026, forcing analysts to revise their forecasts. Citi bumped its price target to $490 and increased its 2026 earnings estimates, citing “solid hyperscaler demand supporting higher pricing” for memory, according to Investopedia. 1
Citi analyst Asiya Merchant bumped her price target from $280 to $490 and maintained a Buy rating, according to TipRanks. She highlighted tight supply and robust demand possibly lasting through 2027. Merchant noted the company is experiencing “strong, unconstrained demand,” with growth projected in the mid-20% range. The updated target remains below Thursday’s last trade. 2
SanDisk produces data storage devices utilizing NAND flash technology, such as solid state drives and removable flash storage, serving cloud, client, and consumer sectors. 3
Peers edged higher as well, though gains were modest. Western Digital ticked up 0.4%, Seagate climbed roughly 1%, and Micron advanced 1.6%. Broader market ETFs showed only slight upticks.
The company will release its fiscal second-quarter results and hold an earnings call on Jan. 29, according to a statement issued via Business Wire. 4
Traders are keenly watching for clear signals on NAND pricing — the flash memory tech powering solid-state drives — and if tight supply persists amid rising data center demand. Margins will be under close scrutiny, especially since the stock’s recent jump has quickly pushed expectations upward.
The flip side is clear. Shares have surged this year, prompting some analysts to caution that targets haven’t kept pace and a setback could hit if guidance disappoints or pricing softens. At the same time, retail buzz is veering into “bubble” territory. 5
Friday’s session and the upcoming week will probably hinge on analyst updates and the overall mood in the chip sector — but all eyes are on Jan. 29. That date will determine if the rally can pick up steam or hits the limits of its own projections.
