Why Is SanDisk Stock Gaining Thursday? - SanDisk (NASDAQ:SNDK)

SanDisk shares rose Thursday as demand for high-performance NAND storage and enterprise SSDs drives AI infrastructure expansion in data centers and cloud deployments. The broader market advanced, with the Nasdaq up 1.04% and the S&P 500 0.36% higher, while the XLK led tech gains. SanDisk traded around $1,732.

Analysts expect fiscal results on August 13, 2026, with earnings of $33.34 per share on $8.24 billion in revenue. Price targets include $2,200 from Mizuho, $2,100 from Bank of America and $2,900 from Cantor Fitzgerald. The stock sits above key moving averages, though MACD momentum has cooled, limiting upside unless a break beyond $1,861 occurs.