Memory Stocks Surge: Sandisk Price Target Raised to $600
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 24 2026
0mins
Should l Buy SNDK?
Source: seekingalpha
- Surging Market Demand: Driven by insatiable demand from data centers and AI, valuations for memory and storage manufacturers have skyrocketed, with Sandisk, Seagate, and Western Digital seeing stock price increases of nearly 1300%, 370%, and 220% respectively over the past year, indicating strong market confidence.
- Expanding Supply Gap: Analyst Matt Bryson highlights that the shortfall for hard disk drives and memory is expected to reach 200 to 300 exabytes, suggesting that supply growth may be capped at 20% over the next few years while data growth approaches 30%, leading to a persistent supply-demand gap.
- Price Target Increases: Bryson raised Sandisk's price target from $260 to $600, while also increasing targets for Seagate and Western Digital to $380 and $260 respectively, reflecting an optimistic outlook on the future profitability of these companies.
- Positive NAND Market Outlook: Bryson anticipates that the NAND market will experience price increases in the coming months, with contract spot prices expected to rise over 50% in March, which will push industry margins above historical peaks and further solidify the investment appeal of storage stocks.
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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: 600.400
Low
220.00
Averages
283.69
High
410.00
Current: 600.400
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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- Portfolio Adjustments: At the end of the quarter, Druckenmiller's portfolio consisted of 62 positions held for an average of about 7.5 months, demonstrating his flexible strategy to navigate market volatility and mitigate risks.
- Increased Alphabet Holdings: Druckenmiller significantly increased his stake in Alphabet by purchasing 282,800 shares, a 277% increase, reflecting his confidence in the company's long-term growth potential, particularly in advertising and cloud computing.
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- Timing and Format: Each management presentation will be available via live webcasts on Sandisk's Investor Relations website, ensuring that investors can access the latest company updates in real-time, with archived replays available post-presentation to enhance information transparency.
- Showcasing Technological Innovation: By participating in these conferences, Sandisk not only demonstrates its innovative capabilities in flash solutions and advanced memory technologies but also aims to strengthen its connections with investors, driving its future growth strategy.
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- Live Streaming and Replays: The management presentations will be available via live webcasts on Sandisk's Investor Relations website, and archived replays will be accessible post-presentation, ensuring investors can obtain key information in a timely manner.
- Technological Innovation: As a leading provider of flash solutions and advanced memory technologies, Sandisk is committed to meeting the needs of individuals and businesses, driving continuous technological advancement and enhancing its competitive edge in the market.
- Brand Influence: Sandisk actively engages with users through social media platforms such as Instagram, Facebook, and LinkedIn, enhancing brand awareness and attracting potential customers, thereby further solidifying its market position.
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- Sandisk Earnings Outlook: Sandisk's earnings per share are expected to double from $39.76 to $80.90, with the current stock price only 8 times the latter figure, indicating substantial future growth potential, although investors should be cautious about entry points after a 130% rebound from its 2025 low.
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- Market Demand: As a key supplier of advanced storage devices, Sandisk benefits from a supply shortage in data center storage, allowing it to sell products at prices higher than usual, thus boosting its profit margins.
- Future Risks: Despite the strong current stock performance, the near-perfect expectations priced into Sandisk's stock pose risks; once competitors ramp up production, Sandisk's profit margins are likely to decline, necessitating price reductions to remain competitive.
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- AI Stock Reductions: Druckenmiller sold shares of four hot AI stocks, including 76,100 shares of Meta, 166,235 of Sandisk, 85,900 of Seagate, and 167,900 of Arm Holdings during Q4, indicating a preference for profit-taking and potential concerns about an AI bubble.
- Portfolio Adjustments: At the end of the quarter, Druckenmiller's portfolio consisted of 62 positions held for an average of about 7.5 months, demonstrating his flexible strategy to navigate market volatility and mitigate risks.
- Increased Alphabet Holdings: Druckenmiller significantly increased his stake in Alphabet by purchasing 282,800 shares, a 277% increase, reflecting his confidence in the company's long-term growth potential, particularly in advertising and cloud computing.
- Cloud Computing Growth: Alphabet's cloud segment achieved 48% sales growth in Q4, expected to become a core cash flow driver in the coming years, further solidifying its competitive position in the market.
See More
Sandisk to Participate in Upcoming Investor Conferences
- Investor Conference Schedule: Sandisk Corporation has announced its participation in several upcoming investor conferences, including the Bernstein Insights event on February 25, 2026, the Morgan Stanley Technology, Media & Telecom Conference on March 3, 2026, and the Cantor Global Technology & Industrial Growth Conference on March 11, 2026, showcasing its forward-looking approach in the tech sector.
- Timing and Format: Each management presentation will be available via live webcasts on Sandisk's Investor Relations website, ensuring that investors can access the latest company updates in real-time, with archived replays available post-presentation to enhance information transparency.
- Showcasing Technological Innovation: By participating in these conferences, Sandisk not only demonstrates its innovative capabilities in flash solutions and advanced memory technologies but also aims to strengthen its connections with investors, driving its future growth strategy.
- Enhancing Brand Influence: Sandisk's involvement will help elevate its brand recognition among investors, further solidifying its leadership position in the storage technology market and attracting more potential investors to its business developments.
See More
Sandisk Corporation to Participate in Upcoming Investor Conferences
- Conference Schedule: Sandisk Corporation will participate in three significant investor conferences on February 25, March 3, and March 11, 2026, including Bernstein Insights, Morgan Stanley TMT Conference, and Cantor Global Technology & Industrial Growth Conference, showcasing its forward-looking approach in the tech sector.
- Live Streaming and Replays: The management presentations will be available via live webcasts on Sandisk's Investor Relations website, and archived replays will be accessible post-presentation, ensuring investors can obtain key information in a timely manner.
- Technological Innovation: As a leading provider of flash solutions and advanced memory technologies, Sandisk is committed to meeting the needs of individuals and businesses, driving continuous technological advancement and enhancing its competitive edge in the market.
- Brand Influence: Sandisk actively engages with users through social media platforms such as Instagram, Facebook, and LinkedIn, enhancing brand awareness and attracting potential customers, thereby further solidifying its market position.
See More
Growth Prospects in Storage and Semiconductor Industries
- Storage Market Shortage: The surge in demand from AI data centers has led to a significant shortage of DRAM and NAND memory, causing prices to nearly double since the end of last year, with expectations for continued increases, creating a favorable environment for memory manufacturers like Sandisk, which analysts predict will see its revenue double this fiscal year, helping the company return to profitability.
- Sandisk Earnings Outlook: Sandisk's earnings per share are expected to double from $39.76 to $80.90, with the current stock price only 8 times the latter figure, indicating substantial future growth potential, although investors should be cautious about entry points after a 130% rebound from its 2025 low.
- ASML's Market Position: ASML holds over 80% market share in the ultraviolet lithography equipment sector, and despite its machines costing around $400 million each, major semiconductor companies like TSMC and Samsung will continue to invest in its technology to avoid falling behind in competition.
- AI Hardware Market Growth: Global Market Insights forecasts that the global AI hardware market will grow at an average annual rate of 18%, with ASML's revenue expected to at least match this growth rate, suggesting that its stock may still have room for further appreciation after significant gains.
See More
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- Stock Surge: Since spinning off from Western Digital last year, Sandisk's shares have skyrocketed over 1600% in the past 12 months, making it one of the hottest stocks in the S&P 500, highlighting its crucial role in the artificial intelligence ecosystem.
- Market Demand: As a key supplier of advanced storage devices, Sandisk benefits from a supply shortage in data center storage, allowing it to sell products at prices higher than usual, thus boosting its profit margins.
- Future Risks: Despite the strong current stock performance, the near-perfect expectations priced into Sandisk's stock pose risks; once competitors ramp up production, Sandisk's profit margins are likely to decline, necessitating price reductions to remain competitive.
- Investment Advice: Given Sandisk's current valuation and potential peak performance, the downside risks outweigh the upside potential, leading to a recommendation for prospective investors to stay cautious and avoid entering at these elevated price levels.
See More
Tesla Stock Remains Popular Among Retail Investors, Yet Continues to Decline
- Retail Investor Interest: Tesla stock continues to attract retail investors despite experiencing recent declines in its value.
- Market Sentiment: The ongoing popularity among retail investors suggests a strong belief in Tesla's long-term potential, even amid short-term fluctuations.
See More
