Analysts Lift CrowdStrike, Dell and SanDisk Targets as AI Demand Drives $94 Billion NAND Contracts
Updated
Updated · CNBC · Aug 23
Analysts Lift CrowdStrike, Dell and SanDisk Targets as AI Demand Drives $94 Billion NAND Contracts
3 articles · Updated · CNBC · Aug 23
Summary
CrowdStrike, Dell and SanDisk won fresh bullish calls from top-ranked Wall Street analysts, who argued AI exposure and long-run growth can outweigh market pressure from Middle East tensions and higher bond yields.
CrowdStrike heads into its Aug. 26 earnings report with Truist raising its target to $245 from $187.50, citing Falcon Flex adoption, healthy large-deal momentum and AI-led demand.
Dell drew a higher Evercore target of $550 from $500 after a 251% share rally this year, with the analyst saying its storage unit—about 10% of FY27 revenue—could lift margins more than AI servers.
SanDisk got a new J.P. Morgan buy rating and a $2,250 target after its investor day, backed by eight long-term agreements worth $94 billion and forecasts for the NAND market to exceed $300 billion in 2026.
The calls reflect a broader investor shift from questioning AI infrastructure spending to favoring companies tied to cybersecurity, full-stack data-center buildouts and AI inference memory demand.
As AI demands push enterprises back on-premises, could Dell's underappreciated storage division become the ultimate hidden goldmine for tech investors?
With AI-driven cyber threats escalating, is CrowdStrike's massive platform consolidation the only way enterprises can survive the next digital era?
Will SanDisk's radical shift to long-term contracts truly bulletproof its stock against the notorious boom-and-bust cycles of the memory market?