"Bernstein analyst Mark Newman hiked his price target on Sandisk to $1,250 from $1,000 per share, implying roughly 47% upside from the stock's April 8 close of $780.90. Newman's base case applies an 11-times multiple to average non-GAAP earnings of $114 per share across fiscal 2026 through 2029."
"Cantor Fitzgerald analyst C.J. Muse raised his target to $1,000 from $800 while maintaining an Overweight rating, indicating a 28% upside from Wednesday's level. Both firms cited the same catalyst: NAND average selling prices continue to accelerate faster than expected."
"Sandisk operates as a focused NAND specialist, unlike diversified peers. This narrower focus allows Sandisk to capitalize on the rising demand for NAND flash memory, giving it a competitive edge in the market."
NAND flash prices are increasing, leading to a surge in Sandisk's stock price. Analysts have raised their price targets for Sandisk, with Bernstein's Mark Newman setting a target of $1,250, indicating a potential 47% upside. Cantor Fitzgerald's C.J. Muse also raised his target to $1,000, suggesting a 28% upside. Sandisk's focused approach as a NAND specialist gives it an advantage over diversified competitors. The stock has seen a remarkable 2,228% gain over the past year, reflecting strong demand for memory chips.
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