Sandisk's Stock Soars 1200% Amid AI Demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy SNDK?
Source: Fool
- Stellar Stock Performance: Sandisk's stock has skyrocketed by 1200% over the past six months, meaning an $8,000 investment would now be worth approximately $105,000, reflecting strong market demand and investor confidence in the tech sector.
- Earnings Beat Expectations: In its January earnings report, Sandisk posted an adjusted EPS of $6.20, significantly exceeding analyst expectations of $3.62, while revenue reached $3.03 billion, well above the anticipated $2.69 billion, indicating robust operational performance.
- Future Growth Potential: With ongoing strong demand for its storage products, Sandisk is already up about 145% at the start of 2026, and its modest valuation suggests it could continue to rise, making it a tech stock to watch for investors.
- Risk Caution: Despite Sandisk's impressive stock performance, the rapid rise could lead to a swift pullback, prompting investors to exercise caution, especially if sentiment in the tech sector shifts, suggesting that those with lower risk tolerance might want to avoid investing.
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Analyst Views on SNDK
Wall Street analysts forecast SNDK stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SNDK is 283.69 USD with a low forecast of 220.00 USD and a high forecast of 410.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 597.950
Low
220.00
Averages
283.69
High
410.00
Current: 597.950
Low
220.00
Averages
283.69
High
410.00
About SNDK
SanDisk Corporation is a developer, manufacturer and provider of data storage devices and solutions based on NAND flash technology and has consumer brands and franchises globally. The Company's solutions include a range of solid state drives (SSDs) embedded products, removable cards, universal serial bus (USB) drives, and wafers and components. Its broad portfolio of technology and products addresses multiple end markets of cloud, client and consumer. Its cloud end market is comprised primarily of products for public or private cloud environments and enterprise customers. The Company, through the client end market, provides numerous data solutions that it incorporates into its client’s devices, which consist of solid state drive desktop and notebook personal computers, gaming consoles and set top boxes, and flash-based embedded storage products. The Company serves the consumer end market with a portfolio of solid state drives and removable flash, including cards and USB flash drives.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sandisk's Stock Soars 1200% Amid AI Demand
- Stellar Stock Performance: Sandisk's stock has skyrocketed by 1200% over the past six months, meaning an $8,000 investment would now be worth approximately $105,000, reflecting strong market demand and investor confidence in the tech sector.
- Earnings Beat Expectations: In its January earnings report, Sandisk posted an adjusted EPS of $6.20, significantly exceeding analyst expectations of $3.62, while revenue reached $3.03 billion, well above the anticipated $2.69 billion, indicating robust operational performance.
- Future Growth Potential: With ongoing strong demand for its storage products, Sandisk is already up about 145% at the start of 2026, and its modest valuation suggests it could continue to rise, making it a tech stock to watch for investors.
- Risk Caution: Despite Sandisk's impressive stock performance, the rapid rise could lead to a swift pullback, prompting investors to exercise caution, especially if sentiment in the tech sector shifts, suggesting that those with lower risk tolerance might want to avoid investing.
See More
Global Memory Market Tightens Further
- Tightening Supply/Demand: Goldman Sachs analysts highlight that DRAM, NAND, and high-bandwidth memory are entering the tightest supply-demand landscape in over a decade, with a projected 4.9% DRAM undersupply in 2026, significantly above prior forecasts, indicating robust market demand for memory.
- Surge in Server Memory Demand: With strong deployments in AI servers and data centers, server-related memory is expected to account for over 50% of total DRAM demand in 2026 and 2027, driving rapid growth in the memory market, while demand from personal computers and smartphones is slowing.
- Price Surge Expectations: Goldman anticipates conventional DRAM prices to rise by 176% year-over-year in 2026, with operating margins reaching 70%-80%, near record levels, while NAND prices are expected to increase by 100%-120%, indicating a significant boost in profitability for memory producers.
- Positive Company Outlook: Goldman favors SK Hynix and SanDisk, expecting SK Hynix to achieve unprecedented operating margins, while SanDisk is set for upward earnings revisions due to accelerating enterprise demand, with a target price of $700, implying a 20% upside potential.
See More
Samsung Nears Approval for AI Memory Chip Shipments
- AI Memory Chip Progress: Samsung is close to securing Nvidia's certification for its latest AI memory chip, HBM4, with shipments to Nvidia and AMD expected next month, thereby addressing the growing demand for memory chips and enhancing the company's position in the competitive semiconductor market.
- Market Rebound: Tech stocks and the broader market rebounded on Friday, with Nvidia shares rising nearly 8%, reflecting investor confidence in the recovery of the chip industry, although Nvidia's stock remains down 11% from its peak on November 3, indicating market volatility.
- Supply-Demand Dynamics: The ongoing shortage of memory chips has driven up shares of chipmakers like Micron, SanDisk, and Western Digital, as investors anticipate robust demand and rising prices, providing a favorable backdrop for Samsung's market performance.
- Regulatory Challenges: Nvidia is awaiting approval for the sale of its H200 chips in China; while Beijing is close to approving imports, the U.S. is considering additional restrictions, and this complex diplomatic situation may impact Nvidia's market performance and stock price fluctuations.
See More
Memory Market Booms: Sandisk and Micron Thrive
- Strong Performance of Sandisk: Sandisk (SNDK) has seen a 3.85% increase since its spin-off from Western Digital in February 2025, with a current price of $22.21, benefiting from NAND flash shortages and surging AI demand, which is expected to drive rapid revenue and gross margin growth.
- Favorable Market Conditions: With most major memory manufacturers cautious about NAND production, Sandisk, as the only pure-play publicly traded U.S. flash memory maker, is in an ideal market environment, and the NAND market is expected to remain tight, with pricing being the main growth driver for the company.
- Micron's Technological Edge: Micron Technology (MU) has increased by 3.17%, currently priced at $12.13, deriving about 80% of its revenue from DRAM, benefiting from a 40% annual growth in HBM demand, which is expected to significantly boost revenue and gross margins.
- Manufacturing Challenges: Although Micron is working to increase HBM capacity, the complexity of HBM manufacturing requires three times the wafer capacity of regular DRAM, leading to a DRAM industry shortage and rising prices, positioning Micron to benefit from this super-cycle in AI infrastructure growth for years to come.
See More
Tech Sector Momentum: Key Memory Stocks to Buy
- Market Trend Analysis: The tech sector is currently experiencing strong upward momentum, particularly in the memory market, where the surge in AI demand has led to a shortage of NAND flash, making stocks like Sandisk exceptionally hot, which is expected to drive rapid revenue and gross margin growth.
- Sandisk's Strong Performance: As the only pure-play publicly traded U.S. flash memory maker, Sandisk has seen its stock price soar since its spin-off from Western Digital in February 2025, primarily benefiting from tight NAND pricing and the demand for high-performance solid-state drives, a trend expected to continue.
- Micron's Technological Edge: Micron Technology derives 80% of its revenue from DRAM, and with HBM demand growing at an annual rate of 40%, the company is working to increase capacity to meet this demand, although the complexity of HBM production has led to a DRAM industry shortage.
- Investment Recommendations: Despite Sandisk's strong current performance, it was not included in the Motley Fool's list of top investment stocks, suggesting that investors should focus on stocks with greater potential for higher returns.
See More
Micron Fully Sold Out of Memory for 2026
- Supply-Demand Imbalance: The AI boom has created a significant shortage of DRAM, HBM, and NAND storage, with demand far outpacing supply, which is primarily controlled by a few key players, presenting a lucrative opportunity for memory designers and manufacturers.
- Micron's Revenue Surge: Micron's latest quarterly revenue reached $13.6 billion, a nearly 50% increase year-over-year, with projections for the next quarter to soar to $18.7 billion, highlighting its strong growth potential in the high-margin enterprise market.
- Western Digital Buyback: Western Digital announced a $4 billion stock buyback, signaling confidence in future growth, with its stock price surging over 50% since the beginning of 2026, reflecting strong market demand for its advanced storage solutions.
- SanDisk's Strong Performance: SanDisk reported a 31% revenue increase and a remarkable 64% rise in data center revenue, with expectations of adding over $1 billion in the next quarter, further solidifying its leadership in the NAND technology market.
See More
Sandisk's Stock Soars 1200% Amid AI Demand
- Stellar Stock Performance: Sandisk's stock has skyrocketed by 1200% over the past six months, meaning an $8,000 investment would now be worth approximately $105,000, reflecting strong market demand and investor confidence in the tech sector.
- Earnings Beat Expectations: In its January earnings report, Sandisk posted an adjusted EPS of $6.20, significantly exceeding analyst expectations of $3.62, while revenue reached $3.03 billion, well above the anticipated $2.69 billion, indicating robust operational performance.
- Future Growth Potential: With ongoing strong demand for its storage products, Sandisk is already up about 145% at the start of 2026, and its modest valuation suggests it could continue to rise, making it a tech stock to watch for investors.
- Risk Caution: Despite Sandisk's impressive stock performance, the rapid rise could lead to a swift pullback, prompting investors to exercise caution, especially if sentiment in the tech sector shifts, suggesting that those with lower risk tolerance might want to avoid investing.
See More
Global Memory Market Tightens Further
- Tightening Supply/Demand: Goldman Sachs analysts highlight that DRAM, NAND, and high-bandwidth memory are entering the tightest supply-demand landscape in over a decade, with a projected 4.9% DRAM undersupply in 2026, significantly above prior forecasts, indicating robust market demand for memory.
- Surge in Server Memory Demand: With strong deployments in AI servers and data centers, server-related memory is expected to account for over 50% of total DRAM demand in 2026 and 2027, driving rapid growth in the memory market, while demand from personal computers and smartphones is slowing.
- Price Surge Expectations: Goldman anticipates conventional DRAM prices to rise by 176% year-over-year in 2026, with operating margins reaching 70%-80%, near record levels, while NAND prices are expected to increase by 100%-120%, indicating a significant boost in profitability for memory producers.
- Positive Company Outlook: Goldman favors SK Hynix and SanDisk, expecting SK Hynix to achieve unprecedented operating margins, while SanDisk is set for upward earnings revisions due to accelerating enterprise demand, with a target price of $700, implying a 20% upside potential.
See More
Samsung Nears Approval for AI Memory Chip Shipments
- AI Memory Chip Progress: Samsung is close to securing Nvidia's certification for its latest AI memory chip, HBM4, with shipments to Nvidia and AMD expected next month, thereby addressing the growing demand for memory chips and enhancing the company's position in the competitive semiconductor market.
- Market Rebound: Tech stocks and the broader market rebounded on Friday, with Nvidia shares rising nearly 8%, reflecting investor confidence in the recovery of the chip industry, although Nvidia's stock remains down 11% from its peak on November 3, indicating market volatility.
- Supply-Demand Dynamics: The ongoing shortage of memory chips has driven up shares of chipmakers like Micron, SanDisk, and Western Digital, as investors anticipate robust demand and rising prices, providing a favorable backdrop for Samsung's market performance.
- Regulatory Challenges: Nvidia is awaiting approval for the sale of its H200 chips in China; while Beijing is close to approving imports, the U.S. is considering additional restrictions, and this complex diplomatic situation may impact Nvidia's market performance and stock price fluctuations.
See More
Memory Market Booms: Sandisk and Micron Thrive
- Strong Performance of Sandisk: Sandisk (SNDK) has seen a 3.85% increase since its spin-off from Western Digital in February 2025, with a current price of $22.21, benefiting from NAND flash shortages and surging AI demand, which is expected to drive rapid revenue and gross margin growth.
- Favorable Market Conditions: With most major memory manufacturers cautious about NAND production, Sandisk, as the only pure-play publicly traded U.S. flash memory maker, is in an ideal market environment, and the NAND market is expected to remain tight, with pricing being the main growth driver for the company.
- Micron's Technological Edge: Micron Technology (MU) has increased by 3.17%, currently priced at $12.13, deriving about 80% of its revenue from DRAM, benefiting from a 40% annual growth in HBM demand, which is expected to significantly boost revenue and gross margins.
- Manufacturing Challenges: Although Micron is working to increase HBM capacity, the complexity of HBM manufacturing requires three times the wafer capacity of regular DRAM, leading to a DRAM industry shortage and rising prices, positioning Micron to benefit from this super-cycle in AI infrastructure growth for years to come.
See More
Tech Sector Momentum: Key Memory Stocks to Buy
- Market Trend Analysis: The tech sector is currently experiencing strong upward momentum, particularly in the memory market, where the surge in AI demand has led to a shortage of NAND flash, making stocks like Sandisk exceptionally hot, which is expected to drive rapid revenue and gross margin growth.
- Sandisk's Strong Performance: As the only pure-play publicly traded U.S. flash memory maker, Sandisk has seen its stock price soar since its spin-off from Western Digital in February 2025, primarily benefiting from tight NAND pricing and the demand for high-performance solid-state drives, a trend expected to continue.
- Micron's Technological Edge: Micron Technology derives 80% of its revenue from DRAM, and with HBM demand growing at an annual rate of 40%, the company is working to increase capacity to meet this demand, although the complexity of HBM production has led to a DRAM industry shortage.
- Investment Recommendations: Despite Sandisk's strong current performance, it was not included in the Motley Fool's list of top investment stocks, suggesting that investors should focus on stocks with greater potential for higher returns.
See More
Micron Fully Sold Out of Memory for 2026
- Supply-Demand Imbalance: The AI boom has created a significant shortage of DRAM, HBM, and NAND storage, with demand far outpacing supply, which is primarily controlled by a few key players, presenting a lucrative opportunity for memory designers and manufacturers.
- Micron's Revenue Surge: Micron's latest quarterly revenue reached $13.6 billion, a nearly 50% increase year-over-year, with projections for the next quarter to soar to $18.7 billion, highlighting its strong growth potential in the high-margin enterprise market.
- Western Digital Buyback: Western Digital announced a $4 billion stock buyback, signaling confidence in future growth, with its stock price surging over 50% since the beginning of 2026, reflecting strong market demand for its advanced storage solutions.
- SanDisk's Strong Performance: SanDisk reported a 31% revenue increase and a remarkable 64% rise in data center revenue, with expectations of adding over $1 billion in the next quarter, further solidifying its leadership in the NAND technology market.
See More
