Morgan Stanley raised the firm's price target on SanDisk to $1,750 from $1,100 and keeps an Overweight rating on the shares. There's "no quick fix to the memory shortage," which is going to drive what could be two to three more years, or longer, of tight supply conditions in memory, the analyst tells investors. Memory stocks were strong in 2025 and have continued to pace the market again in 2026, but the firm doesn't think "the run of strong performance is over," the analyst added.
