Here's What Wall Street Has to Say About Sandisk Corporation (SNDK)

Sandisk Corporation (NASDAQ:SNDK) is one of the Best Young Tech Stocks to Buy. On December 19, Asiya Merchant from Citi reiterated a Buy rating on the stock without disclosing any price targets. A day earlier, on December 18, Mark Miller from Benchmark Co. reiterated a Buy rating on the stock with a price target of $260.

Mark Miller of Benchmark Co. noted that the bullish sentiment is based on the strong results from Micron, which delivered strong results driven by AI and a mid-teen percentage increase in NAND prices during the latest quarter. The analyst noted that the increase in NAND prices directly impacts Sandisk Corporation’s (NASDAQ:SNDK) business. Moreover, the analyst also pointed out that the company has grown its revenue by 10.94% during the year, and analysts expect more than 42% growth in 2026, driven by increased prices and demand.

He added that analysis suggests high-teens percentage demand growth for NAND in 2026, driven by server sales outpacing supply.

That said, earlier on December 8, S&P Global Ratings revised its outlook on Sandisk Corporation (NASDAQ:SNDK) from stable to positive and affirmed its BB credit rating. The positive outlook is based on improved cash flow generation and the improvement in the market position of the company. S&P sees the strong demand and supply shortage of NAND to drive significant revenue for the company. S&P now forecasts Sandisk Corporation’s (NASDAQ:SNDK) revenue to increase to $10 billion in 2026 from $7.3 billion, along with further growth anticipated in 2027.

Sandisk Corporation (NASDAQ:SNDK) develops, manufactures, and sells data storage devices and solutions using NAND flash technology in the US, Europe, the Middle East, Africa, Asia, and internationally.

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.