Movement Alert｜SanDisk Corp. Rises 3.05% in Regular Trading, Multiple Banks Maintain High Target Prices Supporting Rebound After Prior Session 9% Plunge

Market Focus

Aug 20

On August 20, SanDisk Corp. rose 3.05% in regular trading, trading at $1617.68/share, with turnover of $7.086 billion, extending a recovery from the prior session's sharp sell-off.

On the news front, following a 9% decline in the previous trading day amid a broad storage sector pullback, multiple investment banks reaffirmed bullish stances on the stock. JPMorgan maintained its \"Overweight\" rating and $2,250 target price, with analysts noting that AI inference is driving structural changes in NAND demand and that SanDisk's long-term customer agreements and structured pricing could reduce cyclical volatility. China Renaissance raised its target price from $2,000 to $2,250 while maintaining a \"Buy\" rating. According to FactSet, the current average analyst target price stands at $2,230.88, implying substantial upside from current levels.

Additionally, TrendForce data showed that the top five overseas NAND flash manufacturers posted combined Q2 revenue growth of 77% quarter-over-quarter, reaching $68.87 billion, as enterprise SSD demand driven by AI server procurement remained robust, further validating industry momentum and supporting the post-selloff recovery.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Rises 3.05% in Regular Trading, Multiple Banks Maintain High Target Prices Supporting Rebound After Prior Session 9% Plunge\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-08-20 22:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On August 20, SanDisk Corp. rose 3.05% in regular trading, trading at $1617.68/share, with turnover of $7.086 billion, extending a recovery from the prior session's sharp sell-off.</p><p>On the news front, following a 9% decline in the previous trading day amid a broad storage sector pullback, multiple investment banks reaffirmed bullish stances on the stock. 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