Memory chip makers Micron (MU) and SanDisk (SNDK) are benefiting from a global shortage of AI memory, as demand for DRAM, NAND, and high-bandwidth memory continues to rise. While both stocks have seen strong gains, they have also pulled back recently due to high spending concerns and Google’s (GOOGL) new TurboQuant tech. Using TipRanks’ Stocks Comparison tool, we compare MU and SNDK to see which AI memory stock analysts favor now.
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For context, Micron is positioned as a leading DRAM and high-bandwidth memory supplier benefiting from AI-driven demand, while SanDisk offers strong exposure to NAND flash storage across consumer and enterprise markets.
Is Micron Stock a Buy after the Recent Dip?
Micron stock has gained more than 270% in 2025 and about 13% year-to-date, driven by strong demand for AI, cloud computing, and data center memory. The company recently reported impressive results for the fiscal second quarter. However, the stock has slipped over 20% in the past five sessions.
Nonetheless, most analysts remain bullish on Micron stock due to the continued demand for memory to support complex AI workloads. Analysts at Fox Advisors explicitly called the recent slide a “buying opportunity in the coming weeks.”
Overall, Wall Street remains constructive on the stock. Micron carries a Strong Buy consensus rating, based on 26 Buy and two Hold recommendations assigned in the last three months. The average MU price target of $533.40 implies 65% upside from current levels.
Is SanDisk Stock a Good Buy?
SanDisk stock has surged over 1,100% in 2025 and about 154% year-to-date. Its Q2 FY2026 results were strong, with revenue rising 61% to $3.03 billion and EPS of $6.20, both well above estimates. However, the stock has pulled back more than 15% in the past five sessions, hit by profit-taking and concerns around Google’s TurboQuant tech.
Recently, five-star Asiya Merchant of Citi reiterated a Buy rating and set an $875 price target on SanDisk. She pointed to strong tailwinds from the AI boom and rising data center needs. Merchant added that SanDisk benefits from its Bics8 tech and a higher mix of data center sales, which could support margins over time.
Turning to Wall Street, the analysts’ consensus rating for SanDisk Corp is Strong Buy, based on 12 Buy and three Hold ratings over the past three months. With that comes an average SNDK stock price target of $700, representing a potential 15.51% upside for the shares.
Conclusion
Both Micron and SanDisk enjoy strong support from Wall Street, with both stocks carrying a Strong Buy rating. However, upside potential appears higher for Micron, with an average price target of $533.40, implying about 65% upside. In comparison, SanDisk has a $700 price target, suggesting a more modest 15% upside.
Micron also holds a higher Smart Score and a much larger market value, which may appeal to investors seeking a more established leader in the AI memory space.