Monday, June 8, proved a big day for SanDisk (NASDAQ: SNDK) stock ratings as three prominent Wall Street experts issued highly bullish 12-month price target already before the morning bell.
Bank of America’s (NYSE: BAC) Wamsi Mohan was the most conservative of the three when he updated the SNDK share price forecast from the previous $1,550 to $2100.
The expert from BofA also cited the expectation that strong pricing and demand shall persist while also noting that fiscal year (FY) 2027 SanDisk revenue is now expected to hit $44 billion, and earnings per share (EPS) $188.
Vijay Rakesh from Mizho, for his part, reflected on the artificial intelligence (AI) application-specific integrated circuit roadmap when increasing the 12-month price target from $1,825 to $2,200.
Lastly, Cantor Fitzgerald’s CJ Muse provided the highest estimate by raising his firm’s expectations for SNDK shares from the previous $1,800 to $2,900.
Considering SanDisk stock is, at press time, changing hands at $1638.68, reaching the target would mean the equity rallied another 76.97% in the next 12 months.
Cantor Fitzgerald also issued a bullish revision for Micron (NASDAQ: MU) on June 8, and all three Wall Street analysts rated SNDK shares as a ‘Buy.’
2026 SanDisk stock price performance
Elsewhere, the most recent institutional expert notes come after SanDisk stock offered a brief reprieve in the race between rising equity prices and increasing analyst forecasts.
Specifically, SNDK shares soared 495.36% year-to-date (YTD) to their press time price of $1,638.68, but also retraced from the June 3 closing peak at $1,831.50.
The memory giant experienced a similar pattern in the first half of May, indicating the early June correction could have merely been an expected period of consolidation following a steep upsurge.
Still, the timing of the retracement as well as of the latest upturn could be significant. SNDK stock peaked and fell amidst a rising debate about the actual value of adopting AI as multiple providers changed billing for retail and enterprise clients.
It also coincided with the emergence of the discussion over how much capital the markets will absorb between Google’s (NASDAQ: GOOGL) $80 billion equity fund raise, the SpaceX initial public offering (IPO), and the expected Anthropic and OpenAI IPOs.
On the flip side, the Monday uptick – amounting to approximately 4% at press time in the first hour of the regular session – came together with a deluge of news related to new partnerships between big tech firms, but also a media campaign by Nvidia (NASDAQ: NVDA) CEO Jensen Huang attempting to paint the recent crash as a significant buying opportunity.
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