New York, Jan 21, 2026, 10:09 AM EST — Regular session
- Sandisk shares gained roughly 3% in early trading, building on Tuesday’s momentum
- Citi bumped up its Sandisk price target to $490, pointing to robust cloud demand and firmer pricing
- Investors are focusing on the Jan. 29 earnings report for clues on NAND pricing and data-center demand
Shares of Sandisk Corp climbed 3.1% to $467.10 Wednesday morning, mirroring strength in the storage and memory sector. Western Digital jumped 3.7%, Micron Technology gained 4.2%, while Seagate nudged up 0.2%.
The offer arrives as Sandisk prepares to release its fiscal second-quarter results on Jan. 29, with an earnings call scheduled the same day. Traders want a clear update on NAND flash memory—the chips powering SSDs and other storage devices—after a strong rally in January. (Sandisk)
Citi’s latest note kept momentum alive. The bank bumped its price target from $280 to $490, citing “solid hyperscaler demand supporting higher pricing” in its 2026 tech hardware outlook—hyperscalers being the largest cloud-data-center operators. Analyst Asiya Merchant highlighted that Sandisk “sounded the most constructive” during CES talks on NAND fundamentals, with upside tied to data centers and Nvidia’s Vera Rubin platform demand. (Investopedia)
Sandisk closed Tuesday at $453.12, having reached an intraday high of $457.37, according to the company’s historical pricing data. (SanDisk Investor Relations)
TipRanks reported that the stock surged 9.5% Tuesday and gained roughly 1% in after-hours trading. Citi continues to include Sandisk on its short-term upside watch list ahead of the Jan. 29 report, meanwhile highlighting Western Digital and Seagate as potential alternatives following Sandisk’s jump. (TipRanks)
In February 2025, Sandisk re-entered the public markets following its split from Western Digital, kicking off trading on Nasdaq with the ticker SNDK. (Sandisk)
This trade can flip quickly. Memory pricing swings in cycles, and much of the optimistic outlook is already baked into the stock after its sharp rally.
Even a slight sign that NAND prices are softening—or that cloud clients are pulling back after ramping up capacity—might spark some profit-taking, particularly if guidance falls short.
Investors are keen to hear specifics on pricing and customer inventory levels, plus whether management expects supply constraints to persist into the second half. Even minor changes in production discipline will draw close attention.
The next hurdle comes Jan. 29: results, guidance, and how demand from data-center customers shapes up.
