Shares of SanDisk (SNDK) have surged in 2026, making it one of the top-performing stocks in the S&P 500 index (SPX) during the first quarter. The rally has been driven by rising memory prices and strong investor interest in AI-related infrastructure plays. Year-to-date, SNDK stock has gained over 190%. Looking ahead, analysts maintain a Strong Buy rating on SNDK stock. They place SanDisk’s price target in a wide range of $320 to $1,000, implying a maximum upside of 44% from current levels.
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High conviction on SNDK? Try Tradr's SNXX or SNDQFor context, SanDisk provides SSD and NAND flash storage, supplying high-speed memory solutions for PCs, smartphones, and data centers.
SNDK Stock Performance
SanDisk delivered an exceptional performance in 2025, surging more than 550% for the year. In 2026, the momentum has continued, supported by rising memory prices, supply shortages, and strong demand for data storage infrastructure.
However, the stock has recently come under pressure, falling more than 10% from this year’s peak. The decline followed the launch of TurboQuant by Google (GOOGL), which could reduce memory requirements for AI models, weighing on sentiment across memory chip stocks.
Nonetheless, SNDK stock has started to recover this week, gaining 9% on Wednesday.
Analysts Stay Bullish on SNDK Stock
Most recently, Bernstein’s top-rated analyst Mark Newman reiterated a Buy rating on SNDK stock and his Street-high price target of $1,000. Newman called TurboQuant fears “overdone,” noting it should have no impact on HDD demand and only a negligible effect on NAND demand. Given the recent sell-off, he sees this as an attractive entry point for SNDK stock.
Meanwhile, Citi’s five-star analyst Asiya Merchant also reiterated her Buy rating with an $875 price target. She believes TurboQuant could increase overall AI usage, keeping demand for storage high and supporting SanDisk’s business. Merchant added that durable demand, strong pricing, and solid free cash flow make SNDK a favorable long-term investment.
Is SNDK a Good Stock to Buy?
Wall Street analysts currently rate SNDK stock a Strong Buy, with 12 Buys and three Holds issued over the past three months. Meanwhile, SanDisk’s average price target is $700.0, implying an upside of 1% from current levels.
