Cantor Fitzgerald raised the firm’s price target on SanDisk (SNDK) to $300 from $240 and keeps an Overweight rating on the shares. NAND supply is tightening, with shortages expected through 2026 as AI data center demand accelerates and long-term supply agreements extend into 2027, positioning the data center segment to become NAND’s largest market, the analyst tells investors in a research note. Sandisk stands to benefit meaningfully, with Data Center revenue up 26% quarter over quarter, inventory down, cost efficiencies improving via the BICS8 ramp, and gross margins projected to exceed 50% exiting 2026, Cantor argues.
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