Wedbush Analyst Raises SanDisk Price Target by 62% to $1,200
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 30 2026
0mins
Should l Buy SNDK?
Source: stocktwits
- Price Target Increase: Wedbush analyst Matt Bryson raised SanDisk's price target by 62% from $740 to $1,200 while maintaining an 'Outperform' rating, reflecting optimistic expectations regarding current quarter memory pricing conditions, which is likely to further boost the stock price.
- Revenue Surge Expected: SanDisk is projected to see a 178% year-on-year increase in revenue for Q3, reaching $4.73 billion compared to $1.7 billion last year, highlighting the positive impact of AI-driven memory price increases on the company's performance.
- Earnings Per Share Reversal: Analysts expect SanDisk's Q3 earnings per share to hit $14.66, a significant turnaround from a loss of $0.3 per share in the same period last year, indicating a strong performance in the memory market that will notably enhance profitability.
- Bullish Market Sentiment: SanDisk's stock has surged 364% year-to-date, with retail investor sentiment on Stocktwits trending extremely bullish, reflecting strong confidence in the ongoing demand driven by AI and data center growth.
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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: 1339.960
Low
220.00
Averages
283.69
High
410.00
Current: 1339.960
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 Datacenter, Edge and Consumer. Its Datacenter end market is composed primarily of products for public or private cloud environments and enterprise customers. The Company, through the Edge end market, provides original equipment manufacturer and channel customers a broad array of high-performance flash solutions across personal computer, mobile, gaming, automotive, virtual reality headsets, at-home entertainment, and industrial spaces. The Company serves the Consumer end market with a broad range of retail and other end-user products.
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.
Sandisk Faces Warning of Demand Decline
- Demand Decline Warning: Bernstein's latest report indicates that while Sandisk is performing well this quarter, high prices are depressing memory demand, forcing OEMs and module houses to reduce purchases, which could impact future sales.
- Price Forecast Changes: Bernstein predicts that NAND and DRAM prices will see a significant increase in Q2 2026, but may notably decelerate in Q3, suggesting potential challenges for Sandisk's Q1 2027.
- Financial Outlook: Sandisk's latest earnings report projects Q4 sales of $8 billion, rising gross margins, and profits between $30 and $33 per share, which should remain stable if Bernstein's predictions hold true.
- Investor Confidence Shaken: Despite Sandisk's stock soaring 3,756% over the past year, analysts' concerns about its future performance have led investors to reassess its value, especially since Sandisk was not included in Motley Fool's list of top recommended stocks.
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Roundhill's Memory ETF DRAM Surges, Raising Over $5 Billion
- Fundraising Achievement: Roundhill's Memory ETF DRAM has raised over $5 billion since its launch on April 2, including $1.1 billion on Thursday alone, demonstrating strong market demand and investor confidence in memory chips.
- Market Performance: DRAM has seen daily inflows for 23 consecutive trading sessions, with a 70% increase in ETF price, indicating optimistic expectations among investors, particularly as major holdings like Micron and Sandisk reach new highs.
- Active Options Trading: On Thursday, DRAM's options trading volume exceeded 90,000 contracts, with nearly twice as many calls bought compared to puts, reflecting strong investor interest and market activity surrounding AI-related investment opportunities.
- International Investment Opportunity: The DRAM ETF includes star chip companies like SK Hynix and Samsung Electronics, which are largely inaccessible to U.S. investors, making DRAM a unique investment choice that meets the demand for high-quality memory chips.
See More
Sandisk Stock Soars 3,710%: Key Drivers and Future Outlook
- Stock Surge Drivers: Sandisk's stock skyrocketed 3,710% since its spin-off from Western Digital in February last year, primarily driven by surging demand for AI infrastructure, highlighting the company's critical role in the market.
- Exponential Storage Demand: According to McKinsey, solid-state drive demand is expected to increase 18-fold from 2024 to 2030, reaching 127 exabytes, particularly in AI inference servers where demand will jump from 6 EB in 2024 to 447 EB by 2030, indicating substantial market potential.
- Supply Shortages Impact: Despite memory manufacturers like Samsung and SK Hynix investing in new capacity, supply shortages are expected to persist until next year, unable to meet the rapidly growing demand, which has driven Sandisk's gross margin to 56.04%.
- Long-Term Contracts Assurance: Sandisk signed three multiyear contracts worth $42 billion last quarter, followed by two more undisclosed contracts, indicating that the company will benefit from a favorable demand and pricing environment in the coming years, leading analysts to significantly raise their earnings expectations.
See More
US Stocks Close Lower Amid Cautious Market Sentiment
- Market Weakness: On Thursday, the S&P 500 Index fell by 0.38%, the Dow Jones Industrial Average dropped by 0.63%, and the Nasdaq 100 Index decreased by 0.12%, reflecting investor skepticism regarding a potential US-Iran peace deal, which led to a reversal of early gains and impacted market confidence.
- Economic Data Support: Despite the market decline, initial jobless claims rose by 10,000 to 200,000, below the expected 205,000, indicating resilience in the labor market, while Q1 nonfarm productivity increased by 0.8%, surpassing the 0.6% forecast, providing some support to the market.
- Earnings Report Impact: As of Thursday, 84% of the 425 S&P 500 companies that reported earnings exceeded expectations, with Q1 earnings projected to rise by 12% year-over-year, although growth outside the tech sector is only expected to be around 3%, indicating a divergence that may influence investor allocation strategies.
- Oil Price Recovery: WTI crude oil prices rebounded after a 4% decline on Thursday, as the market focused on the potential resumption of US military operations to ensure safe passage through the Strait of Hormuz, which is expected to have ongoing implications for global oil prices and related stocks.
See More
Analysis of Sandisk's Stock Price Volatility
- Stock Price Volatility: Sandisk's stock has surged 3,756% over the past year, yet it fell 4.4% in early trading today, raising concerns among investors about its sustainability after a six-day rally.
- Analyst Insights: Bernstein's note indicates that while NAND and DRAM prices are expected to rise significantly in Q2CY26, mixed signals from the spot market suggest weakening memory demand, forcing OEMs and module houses to cut back on purchases, which could lead to a notable deceleration in price increases into Q3CY26.
- Financial Outlook: Sandisk forecasts $8 billion in sales for its fiscal Q4, with rising gross margins and earnings projected between $30 and $33 per share; if Bernstein's predictions hold, these figures should remain intact, indicating short-term profitability.
- Future Risks: Despite a positive short-term outlook, concerns loom over Q1 2027, as Bernstein's analysis hints at potential price declines, prompting investors to closely monitor market trends to assess Sandisk's long-term performance.
See More
Sandisk Shares Surge 429% Amid AI Demand, Future Growth Promising
- Earnings Beat: Sandisk's fiscal Q3 revenue surged 350% year-over-year to $5.95 billion, significantly exceeding the $4.7 billion consensus estimate, indicating robust performance driven by soaring demand from AI data centers and edge devices, which is expected to further propel stock prices upward.
- Profitability Surge: The company reported adjusted earnings of $23.41 per share, a substantial improvement from a loss of $0.30 per share in the prior year, reflecting enhanced profitability in a high-demand environment, likely attracting more investor interest.
- Long-Term Contracts Signed: Sandisk secured three long-term contracts worth $42 billion last quarter and added two more in the current quarter, indicating a strengthening revenue pipeline and significant future growth potential.
- Strong Market Demand: NAND flash prices are projected to rise by 234% in 2026, while the demand for storage in smartphones and PCs continues to grow, ensuring Sandisk's earnings growth in the coming years, with stock prices potentially reaching $4,000.
See More
Sandisk Faces Warning of Demand Decline
- Demand Decline Warning: Bernstein's latest report indicates that while Sandisk is performing well this quarter, high prices are depressing memory demand, forcing OEMs and module houses to reduce purchases, which could impact future sales.
- Price Forecast Changes: Bernstein predicts that NAND and DRAM prices will see a significant increase in Q2 2026, but may notably decelerate in Q3, suggesting potential challenges for Sandisk's Q1 2027.
- Financial Outlook: Sandisk's latest earnings report projects Q4 sales of $8 billion, rising gross margins, and profits between $30 and $33 per share, which should remain stable if Bernstein's predictions hold true.
- Investor Confidence Shaken: Despite Sandisk's stock soaring 3,756% over the past year, analysts' concerns about its future performance have led investors to reassess its value, especially since Sandisk was not included in Motley Fool's list of top recommended stocks.
See More
Roundhill's Memory ETF DRAM Surges, Raising Over $5 Billion
- Fundraising Achievement: Roundhill's Memory ETF DRAM has raised over $5 billion since its launch on April 2, including $1.1 billion on Thursday alone, demonstrating strong market demand and investor confidence in memory chips.
- Market Performance: DRAM has seen daily inflows for 23 consecutive trading sessions, with a 70% increase in ETF price, indicating optimistic expectations among investors, particularly as major holdings like Micron and Sandisk reach new highs.
- Active Options Trading: On Thursday, DRAM's options trading volume exceeded 90,000 contracts, with nearly twice as many calls bought compared to puts, reflecting strong investor interest and market activity surrounding AI-related investment opportunities.
- International Investment Opportunity: The DRAM ETF includes star chip companies like SK Hynix and Samsung Electronics, which are largely inaccessible to U.S. investors, making DRAM a unique investment choice that meets the demand for high-quality memory chips.
See More
Sandisk Stock Soars 3,710%: Key Drivers and Future Outlook
- Stock Surge Drivers: Sandisk's stock skyrocketed 3,710% since its spin-off from Western Digital in February last year, primarily driven by surging demand for AI infrastructure, highlighting the company's critical role in the market.
- Exponential Storage Demand: According to McKinsey, solid-state drive demand is expected to increase 18-fold from 2024 to 2030, reaching 127 exabytes, particularly in AI inference servers where demand will jump from 6 EB in 2024 to 447 EB by 2030, indicating substantial market potential.
- Supply Shortages Impact: Despite memory manufacturers like Samsung and SK Hynix investing in new capacity, supply shortages are expected to persist until next year, unable to meet the rapidly growing demand, which has driven Sandisk's gross margin to 56.04%.
- Long-Term Contracts Assurance: Sandisk signed three multiyear contracts worth $42 billion last quarter, followed by two more undisclosed contracts, indicating that the company will benefit from a favorable demand and pricing environment in the coming years, leading analysts to significantly raise their earnings expectations.
See More
US Stocks Close Lower Amid Cautious Market Sentiment
- Market Weakness: On Thursday, the S&P 500 Index fell by 0.38%, the Dow Jones Industrial Average dropped by 0.63%, and the Nasdaq 100 Index decreased by 0.12%, reflecting investor skepticism regarding a potential US-Iran peace deal, which led to a reversal of early gains and impacted market confidence.
- Economic Data Support: Despite the market decline, initial jobless claims rose by 10,000 to 200,000, below the expected 205,000, indicating resilience in the labor market, while Q1 nonfarm productivity increased by 0.8%, surpassing the 0.6% forecast, providing some support to the market.
- Earnings Report Impact: As of Thursday, 84% of the 425 S&P 500 companies that reported earnings exceeded expectations, with Q1 earnings projected to rise by 12% year-over-year, although growth outside the tech sector is only expected to be around 3%, indicating a divergence that may influence investor allocation strategies.
- Oil Price Recovery: WTI crude oil prices rebounded after a 4% decline on Thursday, as the market focused on the potential resumption of US military operations to ensure safe passage through the Strait of Hormuz, which is expected to have ongoing implications for global oil prices and related stocks.
See More
Analysis of Sandisk's Stock Price Volatility
- Stock Price Volatility: Sandisk's stock has surged 3,756% over the past year, yet it fell 4.4% in early trading today, raising concerns among investors about its sustainability after a six-day rally.
- Analyst Insights: Bernstein's note indicates that while NAND and DRAM prices are expected to rise significantly in Q2CY26, mixed signals from the spot market suggest weakening memory demand, forcing OEMs and module houses to cut back on purchases, which could lead to a notable deceleration in price increases into Q3CY26.
- Financial Outlook: Sandisk forecasts $8 billion in sales for its fiscal Q4, with rising gross margins and earnings projected between $30 and $33 per share; if Bernstein's predictions hold, these figures should remain intact, indicating short-term profitability.
- Future Risks: Despite a positive short-term outlook, concerns loom over Q1 2027, as Bernstein's analysis hints at potential price declines, prompting investors to closely monitor market trends to assess Sandisk's long-term performance.
See More
Sandisk Shares Surge 429% Amid AI Demand, Future Growth Promising
- Earnings Beat: Sandisk's fiscal Q3 revenue surged 350% year-over-year to $5.95 billion, significantly exceeding the $4.7 billion consensus estimate, indicating robust performance driven by soaring demand from AI data centers and edge devices, which is expected to further propel stock prices upward.
- Profitability Surge: The company reported adjusted earnings of $23.41 per share, a substantial improvement from a loss of $0.30 per share in the prior year, reflecting enhanced profitability in a high-demand environment, likely attracting more investor interest.
- Long-Term Contracts Signed: Sandisk secured three long-term contracts worth $42 billion last quarter and added two more in the current quarter, indicating a strengthening revenue pipeline and significant future growth potential.
- Strong Market Demand: NAND flash prices are projected to rise by 234% in 2026, while the demand for storage in smartphones and PCs continues to grow, ensuring Sandisk's earnings growth in the coming years, with stock prices potentially reaching $4,000.
See More
