Sandisk (SNDK) Touches Fresh Record on Bullish Analyst Rating

We recently published 10 Stocks With 10-60% Upside. Sandisk Corp. (NASDAQ:SNDK) is one of the top performers on Monday.

Sandisk extended its gains for a second day on Monday, to hit a new record high,  as investors continued to load up positions after maintaining a bullish rating from an investment firm.

During the session, Sandisk Corp. (NASDAQ:SNDK) soared to its highest level of $114 before trimming gains to end the day just up by 16.87 percent at $113.50 apiece, as investors continued to digest Citigroup’s maintained “buy” recommendation for its stock, alongside a price target of $125.

The said figure suggests a 9.6 percent upside potential from its latest closing price.

In other news, Sandisk Corp. (NASDAQ:SNDK) announced the official unveiling date for its new storage solutions exclusively for ROG Xbox Ally Handhelds.

To be launched on October 16, the new products, a microSD card and an SSD, are now available for pre-order.

The microSD cards alone are offered in various storage sizes such as 512 GB, 1 TB, and 2TB, while the SSD will be able to store 4 TB of data.

“In the era of massive game sizes and game libraries, there is an increasing demand for high-performing storage solutions with greater capacities,” Sandisk Corp. (NASDAQ:SNDK) said.

While we acknowledge the potential of SNDK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, 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.