Jim Cramer on Sandisk: "Maybe There's More Here"

Sandisk Corporation (NASDAQ:SNDK) is one of the noteworthy S&P 500 stocks Jim Cramer highlighted. Cramer noted that the company has been the best performer among the S&P 500 in January, as he stated:

Why don’t we start with the winners, where four of the top 10 performers were memory and data storage plays? This memory storage sector is the hottest bull market around, and it comes on top of some amazing runs in 2025. Sandisk came in first place, up 143% in January on top of being last year’s best performer…  Sandisk is flying because it reported a blowout quarter last Thursday. They earned $6.20 per share.

You know what? Wall Street was only looking for $3.62. If you Gemini upside surprise, it should send you to Sandisk. They’re talking about earning 12 to $14 per share for the full 2026 fiscal year, when the analysts were really looking for $5.11. That is a staggering upside surprise. That’s why the stock keeps going higher. No one knows exactly where it should be, other than a lot higher than where it is. That’s how you actually think on the trading desk. Initially, Sandisk rallied more than 25% in response to the great quarter. By the end of the session on Friday, it was up just under 7%, although it blasted off today. So, maybe there’s more here.

Sandisk Corporation (NASDAQ:SNDK) sells NAND flash-based storage solutions, including solid-state drives, embedded storage, removable cards, and USB drives.

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Disclosure: None. This article is originally published at Insider Monkey.