Jefferies Begins Coverage of Sandisk (SNDK) Stock with Buy

Sandisk Corporation (NASDAQ:SNDK) is one of the Top 10 Software and Technology Stocks to Buy Now.  Jefferies analyst Blayne Curtis began coverage of the company’s stock with a “Buy” rating and a price objective of $60. As per the firm, Sandisk Corporation (NASDAQ:SNDK)’s spin-off from Western Digital can unlock shareholder value, while the company’s updated technology roadmap can help facilitate enterprise solid-state drive (eSSD) market share gains. If Sandisk Corporation (NASDAQ:SNDK)’s content and unit trends sustain despite the tariff pressures, there can be upside to estimates, added the firm’s analyst.

The company’s investment, supply management, and pricing strategies remain focused on maximizing returns. During Q3 2025, Sandisk Corporation (NASDAQ:SNDK)’s innovation was reinforced, with a strong early ramp of BiCS 8, which is its latest technology engineered to offer industry-leading performance, power efficiency, and density. For Q4 2025, the company expects revenue of between $1.75 billion – $1.85 billion. It expects gross margin in the range of 25.3% – 26.7%.

Sandisk Corporation (NASDAQ:SNDK) is a leading player in the broader technology space since it innovates in digital storage technologies, helping power the data-driven world.

Parnassus Investments, an investment management company, released Q1 2025 investor letter. Here is what the fund said:

“Sandisk Corporation (NASDAQ:SNDK) is a global leader in data storage solutions using flash memory technology. The company was spun off from our holding in Western Digital Corp. We believe that SanDisk can benefit cyclically from anticipated increases in NAND memory demand and secularly from demand for AI data centers.”

While we acknowledge the potential of SNDK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.