SanDisk NAND Flash prices will rise through at least the first half of 2027. Analysts from Mizuho Securities and Bank of America project persistent supply shortages driven by artificial intelligence demand. Enterprise solid-state drives now account for roughly 40 percent of the market. That share is projected to exceed 60 percent before the end of this year.
Analysts project persistent supply shortages and higher prices for storage products through the first half of next year
The shortage affects both consumer and enterprise storage segments. AI workloads consume a growing portion of available NAND capacity. Wafer starts will shrink by about 5 percent in 2026. Production volumes will grow only 3 percent in 2027 despite rising demand.
Mizuho Securities increased its valuation estimate for the storage manufacturer to 2200 USD, up from an initial projection of 1825 USD. Conversely, Bank of America adjusted its valuation target for the company upward to 2100 USD, revising its previous forecast of 1550 USD. Analysts expect new production capacity will not come online significantly before 2028 or 2029.
Enterprise solid-state drives prioritize available NAND inventory over consumer products. Consumer SSD prices face upward pressure due to these supply constraints. Demand for NAND flash is projected to grow by 18 percent in both 2026 and 2027.
The market shift reflects a broader transition toward AI-driven storage requirements. Enterprise customers secure priority access to limited manufacturing output. Consumer buyers will likely see reduced discounts or higher prices in the near term.
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