What's Going On With SanDisk Stock Wednesday?

SanDisk Corp. (NASDAQ:SNDK) stock remained in focus on Wednesday as investors continued piling into AI-linked memory and storage stocks, betting that booming data-center demand and tighter supply conditions could drive stronger NAND pricing and long-term growth in the enterprise SSD market.

Barclays Highlights Long-Term Contract Strategy

Barclaysanalyst Tom O'Malley upgraded SanDisk to Overweight from Equalweight and raised his price forecast to $2,300 from $1,200, arguing that the company's contract structure is changing the economics of the memory industry.

O'Malley said SanDisk's long-term agreements provide customers with both supply visibility and pricing...