SanDisk target jumps to $1,750, fueled by multi-year AI memory shortage

Morgan Stanley raised its price target for SanDisk (SNDK) to $1,750 from $1,100. The firm maintained an Overweight rating on the stock.

Analysts project the current memory shortage will last for at least two to three years. DRAM has emerged as the primary bottleneck for AI infrastructure as demand outpaces supply.

Morgan Stanley increased its earnings per share estimates for calendar year 2026. The firm also raised its earnings estimates for calendar year 2027.

Growth potential remains despite the recent rally in memory stocks.