SanDisk (SNDK) Stock: BofA Hikes Target to $300 as New 1TB USB‑C Drive Launches
SanDisk shares fell over 10% to around $221 after opening above $250, despite being up nearly 780% from their April low. Bank of America raised its price target to $300, citing AI demand and NAND undersupply. The company launched a 1TB USB‑C flash drive and won a trade-dress case in India. SanDisk remains loss-making, with revenue near $7.5 billion and a market cap around $34 billion.