Bank of America raised its outlook for Sandisk (SNDK), citing expectations that tight NAND memory supply will support stronger pricing into 2027.

The brokerage lifted its price target on Sandisk to $2,500 from $2,100 while maintaining its Buy rating, according to a Wednesday research note.

Bank of America said it expects the imbalance between NAND supply and demand to persist through calendar 2027, supporting pricing for a longer period, though the pace of quarterly increases may moderate over time.

For the June quarter, the firm forecasts NAND bit shipment growth of about 13% quarter over quarter and average selling price growth of roughly 35%. It noted that the projected shipment growth is higher than levels recently reported by…