Sandisk (SNDK) Hits All-Time High on 75% Price Target Upgrade

We recently published 10 Stocks Breaking Records While Wall Street Bleeds. Sandisk Corp. (NASDAQ:SNDK) was one of the top performers on Tuesday.

Sandisk extended its winning streak to a third straight day on Tuesday to hit a new all-time high, as investors took path from an investment firm’s 75 percent price target upgrade for its stock, while loading portfolios ahead of next week’s earnings release.

At intra-day trading, Sandisk Corp. (NASDAQ:SNDK) soared to its highest price of $457.37 before trimming gains to finish the day just up by 9.55 percent at $453.12 apiece.

In a market report, Citi raised its price target for the stock to $490 from $280 previously, marking an 8 percent upside potential from its latest closing price. It also maintained a “buy” recommendation.

Citi’s coverage followed five other analyst reports last week, four of which upgraded their price targets, while only two issued “buy” and “outperform” ratings.

Among the analysts, Bernstein became the most bullish, having raised its price target by 93 percent to $580 from $300, while reaffirming its “outperform” rating.

Benchmark followed with a 73 percent upgrade to $450 from $260, maintaining its “buy” recommendation.

Meanwhile, RBC initiated coverage on the stock with a $400 price target and a “sector perform” rating; while Barclays and Wells Fargo issued 75 and 65 percent higher price targets of $385 and $380, respectively, both reaffirming “equal weight” ratings.

Sandisk Corp. (NASDAQ:SNDK) is scheduled to announce the results of its earnings performance for the second quarter of fiscal year 2026 after market close on Thursday, January 29. A conference call will be held to discuss the results.

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.