SanDisk (SNDK) stock remained in focus after the memory and storage company continued to attract bullish analyst attention following its latest earnings report. With shares already rallying alongside the broader AI-driven memory boom, investors are now wondering just how much higher the stock can climb. Fortunately, Wall Street analysts have started offering increasingly aggressive price targets, including one expert who now sees $2,000 per share as possible.
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New trading tool for SNDK bullsFive-star Susquehanna analyst Mehdi Hosseini currently holds the highest price target on SNDK stock among Wall Street analysts. Hosseini recently doubled his price target on SanDisk shares to $2,000 from $1,000 while maintaining a Buy rating on the stock. The analyst’s updated target implies a potential 29.62% upside for the shares.
Why Is Hosseini So Bullish on SNDK Stock?
Hosseini’s bullish stance comes after SanDisk delivered a strong earnings report that prompted Susquehanna to raise its estimates for the company “across the board”. The analyst also pointed to improving revenue visibility, noting that roughly one-third of SanDisk’s fiscal 2027 revenue is already contracted, with similar trends expected into fiscal 2028 and beyond.
Another major factor behind the bullish outlook is SanDisk’s shareholder return strategy. According to Susquehanna, SanDisk’s plan to commit 50% of free cash flow toward share buybacks over the next two years could drive roughly 10% earnings accretion.
The analyst’s optimism also reflects continued strength across the memory and storage sector as AI infrastructure demand boosts spending on SSDs, data center storage, and high-performance computing hardware. Investors have increasingly turned to memory companies as one of the biggest beneficiaries of the ongoing AI boom.
SanDisk Stock Movement Today
SanDisk stock was down slightly on Monday, but was still up 554.32% year-to-date. The stock has also rallied 3,685.66% over the past 12 months.
SNDK stock trading activity today saw some 7.31 million shares change hands, compared to a three-month average daily trading volume of about 17.78 million shares.
Is SanDisk Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for SanDisk is Strong Buy, based on 13 Buy and three Hold ratings over the past three months. With that comes an average SNDK stock price target of $1,409.06, representing a potential 9.19% downside for the shares.
