Goldman Sachs Raises SanDisk (SNDK) PT to $320 Citing Strong SSD Demand

Sandisk Corporation (NASDAQ:SNDK) is one of the best young stocks to buy and hold for 3 years. On January 9, Goldman Sachs analyst James Schneider raised the firm’s price target on SanDisk to $320 from $280 and kept a Buy rating on the shares. This decision was made as market sentiment remains highly optimistic, supported by progress in enterprise SSD qualifications and sustained pricing strength.

Mizuho also increased its price target for Sandisk Corporation (NASDAQ:SNDK) to $410 from $250 on the same day, while maintaining an Outperform rating. This adjustment came as part of the firm’s broader 2026 semiconductor sector outlook, where Mizuho anticipated further growth driven by attractive valuations, though it expected gains to be more tempered than those seen in 2025.

For 2026, Mizuho identified AI accelerators, wafer fabrication equipment, optical components, and memory as the most promising sub-sectors. Conversely, the firm remained cautious regarding the outlook for electric vehicles, automotive and analog chips, as well as the personal computer and handset markets.

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.