Wedbush Sets Ambitious $2,200 Price Target for SanDisk

SanDisk shares are making a strong comeback after recently dipping below the $1,000 mark. The stock hit a low of $985 before climbing back to its current price of $1,258. Traders who took a chance during the recent downturn are already seeing quick gains from the swift recovery.

Investment bank Wedbush shared a bullish outlook for the stock this week. Managing Director Matt Bryson expects the price to climb to $2,200. This target suggests a potential return of roughly 75 percent from current levels, sparking interest among investors watching the semiconductor space.

The optimism stems from the massive demand for high bandwidth memory, which is essential for building data center infrastructure for artificial intelligence. With supply remaining tight, SanDisk stays in a strong position. Institutional and retail interest in the chip sector continues to grow as the AI boom attracts significant capital.