Bernstein raises Sandisk price target to $1,250 from $1,000

Bernstein analyst Mark Newman raised his Sandisk price target to $1,250 from $1,000 on April 9, 2026, the highest target among the analysts Bloomberg polled at the time. He based the change on NAND prices that keep surprising to the upside, and raised his base-case fiscal 2027 non-GAAP EPS estimate by 58% to $144 from $91. The stock spiked that day on the news.

• Price target raised to $1,250 from $1,000
• Base-case fiscal 2027 non-GAAP EPS estimate raised to $144 from $91
• Driver: NAND pricing rising faster than expected