Core Viewpoint - SanDisk's stock price surged significantly due to recent price hikes and multiple investment banks raising their target prices, driven by increased demand for NAND flash memory amid the AI boom and constrained supply [1][4][5]. Group 1: Stock Performance - SanDisk's stock rose by 11.89% to $267.95, reaching an intraday high of $270.91, marking a fivefold increase over the past two months [1]. - Other storage concept stocks also experienced gains, with Micron Technology up over 6%, Seagate Technology up over 5%, and Western Digital up nearly 7% [3]. Group 2: Price Increases - SanDisk announced a significant 50% increase in NAND flash contract prices in November, marking at least the third price hike this year [4]. - Previous price increases included a 10% hike announced in April and another 10% increase in early September, which prompted other industry leaders like Micron to follow suit [4]. Group 3: Target Price Adjustments - Goldman Sachs raised its earnings per share (EPS) estimates for SanDisk for fiscal years 2025-2027 by 69.2%, 83.6%, and 85%, respectively, and increased the 12-month target price from $140 to $280 [5]. - Bernstein SocGen Group raised its target price from $120 to $300, a 150% increase, maintaining an "outperform" rating based on strong quarterly performance [5]. - Jefferies and Mizuho Securities also raised their target prices, citing favorable pricing conditions and growing demand for AI servers [6]. Group 4: Market Dynamics - The AI wave is driving a shortage of storage chips, leading to an expansion in production driven by demand [6]. - Major manufacturers like Samsung, SK Hynix, and Micron are shifting capital expenditures towards high-bandwidth memory (HBM) products, suggesting that the supply-demand gap for traditional storage will persist at least until next year [6].
美股存储板块持续火爆：闪迪(SNDK.US)涨近12%再创新高 目标价迎密集上调