BofA Hikes SanDisk (SNDK) PT to $390 Following Nvidia's CES 2026 AI Roadmap

Sandisk Corporation (NASDAQ:SNDK) is one of the hot tech stocks to invest in. On January 7, Bank of America raised the firm’s price target on SanDisk to $390 from $300 with a Buy rating on the shares. Following Nvidia CEO Jensen Huang’s presentation of the Vera Rubin platform at CES 2026, analysts have grown increasingly bullish on the role of NAND in AI infrastructure.

The platform’s new Inference Context Memory Storage tier, powered by the BlueField-4 DPU, allows for significantly larger context windows by establishing a dedicated storage layer that elevates flash memory to a mission-critical status. This architectural shift, combined with robust pricing and sustained demand for SanDisk’s BiCS8 technology, is expected to drive substantial upward earnings revisions for the company.

Earlier on December 8, JPMorgan initiated coverage of Sandisk Corporation (NASDAQ:SNDK) with a Neutral rating and a price target of $235. JPMorgan analyst Harlan Sur noted that the company (which returned to the public markets as an independent entity following its spin-off from Western Digital in early 2025) is strategically positioned to benefit from the AI-driven supercycle in enterprise solid-state drives. A key competitive advantage highlighted was SanDisk’s structurally lower cost base, achieved through its long-standing manufacturing joint venture with Kioxia.

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.