Company Overview - Sandisk Corporation (NASDAQ:SNDK) has seen its shares rise by triple-digit percentages since early 2025, indicating strong market performance [2] - Analysts have recently increased their price targets for Sandisk, with Mizuho raising it to $600 from $410 while maintaining an Outperform rating [2] - Benchmark also raised its price target for Sandisk to $450 from $260, keeping a Buy rating, citing capacity issues in the NAND market as a driving factor [2] Industry Insights - The NAND and DRAM product sectors are experiencing pricing power, which is beneficial for Sandisk [2] - A significant factor noted by analysts is the expected shortage of NAND wafer capacity in 2026 and 2027, potentially leading to a 330% price increase in 2026 [2] - Jim Cramer highlighted that Sandisk's recent performance issues are due to an inability to meet demand rather than a lack of demand, emphasizing the importance of capacity in the market [3]