Just noticed memory stocks are having a serious run right now. SanDisk stock price has been absolutely crushing it - up nearly 10% yesterday alone and sitting on a massive 480% gain for the year. That's the kind of move that gets attention, and turns out Wall Street was already on it.

Cantor Fitzgerald and Morgan Stanley both bumped up their price targets on SanDisk in late April. Cantor moved theirs to $1,400 and Morgan Stanley to $1,100, both staying Overweight. They're pointing to tight NAND capacity as the real driver here - basically a supply squeeze pushing prices across the board. Then Jim Cramer chimed in on X calling memory names like SanDisk 'tells of this market,' which probably helped confirm what investors were already thinking.

It's not just SanDisk either. The whole memory and storage sector is moving. Western Digital up 5.34% yesterday, Seagate up 4.87%, and Micron hit a new all-time high with a 12% jump. That kind of synchronized rally across the group suggests there's real structural momentum here - AI infrastructure spending staying elevated is keeping demand hot.

What's interesting is SanDisk stock price action feels like it's reflecting genuine supply constraints rather than just sector rotation. When you see analyst firms upgrading targets AND the stock making new highs on those upgrades, usually means there's more conviction behind the move. Obviously this doesn't mean it goes straight up from here, but the setup looks pretty solid for the memory complex right now.