Sandisk Stock Jumps After Analyst Doubles Price Target. Data Storage Stocks Are Getting AI Boost.

Sandisk (SNDK) stock jumped Tuesday after BofA analysts more than doubled their price target for shares of the flash memory maker. Optimism about AI driving demand for data storage and memory hardware has fueled a rally for shares of Sandisk and other firms in the category, including Western Digital (WDC) and Seagate Technology (STX). Analysts with BofA Securities upped their price target for Sandisk stock to 125 from 59. Analyst Wamsi Mohan wrote that AI demand is driving a surge in pricing for NAND flash memory solutions. Sandisk is benefiting...