Sandisk's stock is extending its major rebound. This is the latest spark.

Sandisk’s stock extended a major rebound after the company laid out new financial targets and a technology roadmap at an investor day Thursday. Shares of SNDK were up 6.5% midday Friday, following a 13.7% jump in Thursday’s session, bringing the rally to more than 60% off the recent low in just over two weeks. Sandisk expects revenue growth in the mid- to high-teens range between fiscal years 2028 and 2030 and aims to sustain gross margins around 80% while keeping operating margins near 75%. Analysts cited the company’s “new business model” agreements and supply outlook.