Shares of SanDisk (SNDK) have surged to record highs, gaining over 250% year-to-date. The stock was also the top performer in the S&P 500 index in Q1 2026. The rally has been driven by rising memory prices and strong investor interest in AI-related infrastructure plays. Nonetheless, top analysts continue to raise price targets on SNDK, implying more upside for the stock.
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New trading tool for SNDK bullsFor context, SanDisk provides SSD and NAND flash storage, supplying high-speed memory solutions for PCs, smartphones, and data centers.
Analysts Raise Targets on SanDisk Stock
Earlier this week, Cantor Fitzgerald’s five-star-rated analyst C.J. Muse raised his price target on SNDK to $1,000 from $800 and kept a Buy rating. His price target implies an upside of 17% from the current level. He said the market is still being driven by AI, which remains the strongest theme right now. However, the bigger question is when investors will shift back into a “risk-on” mode after recently cutting exposure.
Muse believes that this shift could happen soon, especially after a recent 15% pullback in semiconductor stocks. He expects memory and chip equipment companies to benefit first, followed by computing names, noting that demand remains strong while current valuations don’t fully reflect that strength.
Likewise, Mizuho Securities’ top-rated analyst Vijay Rakesh lifted his price target from $710 to $1,000. He is bullish on SanDisk, stating that strong AI demand is likely to drive long-term growth in memory chips.
Is SNDK a Good Stock to Buy?
Wall Street analysts currently rate SNDK stock a Strong Buy, with 11 Buys and three Holds issued over the past three months. After the recent rally, the shares are now trading above SanDisk’s average price target of $809.3, implying a downside of 5% from current levels.
