Bernstein Raises Sandisk Price Target Amid NAND Shortages
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2026
0mins
Should l Buy SNDK?
Source: seekingalpha
Sandisk Corp (SNDK) stock is up 4.43% in pre-market trading, reaching a 52-week high.
Bernstein has raised Sandisk's price target from $300 to $580, primarily due to unprecedented NAND shortages and rising demand for storage solutions. Analyst Mark Newman highlighted that the new storage platform will significantly increase the demand for NAND, with expectations for earnings per share to reach $3.79 for Q2 FY2026, well above the consensus estimate of $3.31. This reflects strong market expectations for Sandisk's profitability and competitiveness in the NAND market.
The increase in price target and optimistic earnings forecast indicate that Sandisk is well-positioned to capitalize on the growing demand for storage solutions, particularly in light of the ongoing NAND shortages.
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Analyst Views on SNDK
Wall Street analysts forecast SNDK stock price to fall
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 590.590
Low
220.00
Averages
283.69
High
410.00
Current: 590.590
Low
220.00
Averages
283.69
High
410.00
About SNDK
SanDisk Corporation is a developer, manufacturer and provider of data storage devices and solutions based on NAND flash technology and has consumer brands and franchises globally. The Company's solutions include a range of solid state drives (SSDs) embedded products, removable cards, universal serial bus (USB) drives, and wafers and components. Its broad portfolio of technology and products addresses multiple end markets of cloud, client and consumer. Its cloud end market is comprised primarily of products for public or private cloud environments and enterprise customers. The Company, through the client end market, provides numerous data solutions that it incorporates into its client’s devices, which consist of solid state drive desktop and notebook personal computers, gaming consoles and set top boxes, and flash-based embedded storage products. The Company serves the consumer end market with a portfolio of solid state drives and removable flash, including cards and USB flash drives.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Tech Stock Sell-off: A wave of selling in technology shares is occurring as investors express uncertainty about their future value, particularly as price-to-earnings ratios shrink dramatically, which negatively impacts overall investment sentiment.
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- CrowdStrike-Microsoft Partnership: CrowdStrike's Falcon platform is now available on the Microsoft Marketplace, which could significantly boost revenue; however, its current P/E ratio of 85 has led to a tepid market reaction, reflecting investor anxiety over high valuations.
- ServiceNow Management Confidence Issues: Despite ServiceNow's announcement of a $5 billion stock buyback and intentions from executives to buy shares, the stock price still fell, indicating market skepticism about its growth prospects amid intensifying AI competition.
See More
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- Power Inflow Signal: The Power Inflow alert, developed by TradePulse, is issued within the first two hours of trading, indicating a significant shift in order flow that suggests a strong trend toward buying activity, thereby hinting at a bullish price movement for the rest of the day.
- Real-Time Order Flow Analysis: By analyzing buying and selling trends from both retail and institutional traders, order flow analytics provide a deeper understanding of stock price behavior and market sentiment, enabling traders to make more informed decisions and potentially increase their trading success rate.
- SNDK Price Performance: At the time of the Power Inflow signal, SNDK was priced at $597.00, and it reached an intraday high of $616.98 (+3.35%) by 2:45 PM EST, demonstrating the effectiveness of the signal in predicting price movements.
- Investment Risk Advisory: While the Power Inflow signal presents potential trading opportunities, the article emphasizes that investing involves risks, including the possibility of principal loss, and advises investors to consult licensed financial advisors before making investment decisions.
See More
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- Market Confidence Revived: Meta's commitment to invest billions in Nvidia chips not only provides a much-needed financial boost to Nvidia but also has the potential to reshape market perceptions of its technological advantages, thereby enhancing its stock performance.
- Competitive Landscape Shift: With Meta's investment, Nvidia is likely to regain investor attention, prompting a reassessment of its core position in the AI sector, especially in light of competitive threats from companies like Google.
- Product Portfolio Advantage: Meta plans to utilize not only Nvidia's GPUs but also deploy its CPUs independently, indicating the significant value of Nvidia's product portfolio in meeting Meta's growing computational demands.
- Long-Term Value Consideration: CEO Mark Zuckerberg emphasizes the importance of evaluating the
See More
Sandisk's Rise in AI Infrastructure
- Significant Revenue Growth: Sandisk's data center segment revenue surged 76% year-over-year to $440 million in Q2 FY2026, indicating strong demand in AI infrastructure, which is expected to further enhance overall company performance.
- Strong Market Demand: The shortage of HDDs has led to a surge in demand for Sandisk's flash storage products, a trend anticipated to continue until 2028, providing sustained growth momentum for the company to capture a larger market share in a competitive landscape.
- Improved Profitability: Sandisk's adjusted earnings per share quintupled year-over-year to $6.20 in the last quarter, with analysts projecting earnings to reach $39.45 in the current fiscal year, showcasing the company's profit potential in AI storage solutions.
- Technological Collaboration Prospects: Sandisk's partnership with SK Hynix to develop high-bandwidth flash could enable an 8 to 16-fold increase in memory capacity, further enhancing its competitiveness in AI chip systems and indicating potential for future market share growth.
See More
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- Broadcom's Growth Potential: Broadcom's AI semiconductor revenue surged 74% year-over-year in Q4 2025, driving total revenue growth of 28%, with expectations for AI semiconductor revenue to double in Q1 2026, indicating strong market demand and future growth potential.
- Taiwan Semiconductor's Market Position: Taiwan Semiconductor achieved a 26% year-over-year revenue increase in Q4 2025, recently opening a new facility in the U.S. to strengthen ties with major clients like Nvidia and Apple while enhancing tariff resilience.
- Sandisk's High Demand: Sandisk reported a 61% year-over-year revenue increase in Q2 2026, with data center revenue up 64% sequentially, highlighting the surging demand for its NAND flash memory products and its critical role in AI development.
- Investment Attractiveness: With price-to-earnings ratios of 0.3, 20, and 15 for Broadcom, Taiwan Semiconductor, and Sandisk respectively, all show strong investment appeal in the high-growth AI market, particularly against the backdrop of rising technology demand.
See More
SanDisk Stock Secondary Offering and Market Dynamics
- Secondary Offering Overview: SanDisk announced a secondary public offering of 5,821,135 SNDK shares at $545 per share, below the latest trading price, with the deal expected to close on Thursday, and SanDisk itself will not receive any proceeds from this transaction.
- Debt Swap Impact: Western Digital is set to exchange the SNDK block for debt held by J.P. Morgan and BofA Securities, reducing the overhang on SNDK shares, and after the transaction, it will still own about 1.69 million shares, which it plans to dispose of gradually.
- Technical Indicator Analysis: SNDK stock is currently trading 6.5% above its 20-day simple moving average and 109.6% above its 100-day SMA, indicating a strong long-term trend, with shares surging 1129.26% over the past 12 months.
- Analyst Rating Dynamics: The stock carries a Buy rating with an average price target of $512.76, and recent analyst actions, including Citigroup and Barclays raising their targets to $750, reflect a positive outlook on its future performance.
See More
