Wells Fargo analyst Aaron Rakers raised his price target on SanDisk (SNDK) stock to $1,550 from $1,400, maintaining an Equal Weight rating on the shares following the company’s 2026 Investor Day on August 13, 2026. The raise reflects confidence in SanDisk’s long-term growth strategy and financial model unveiled at the event.

SanDisk stock has gained 7.39% since the previous trading session, driven by the company’s ambitious guidance and analyst upgrades. The stock closed at $1,641.11 as of August 14, 2026, though it has continued to fluctuate in the days following the Investor Day announcement.

At its In Focus 2026 Investor Day, SanDisk detailed a comprehensive multi-year financial framework for fiscal years 2028 through…