Sandisk Corporation (NASDAQ:SNDK) is one of the Best Up and Coming AI Stocks to Buy Now. Analysts have been getting increasingly more bullish on Sandisk Corporation (NASDAQ:SNDK). Over the past week, Morgan Stanley and Susquehanna raised price targets on SNDK with Outperform ratings.
On June 3, Morgan Stanley raised the price target from $1,100 to $1,750 and maintained an Outperform rating on the shares. The firm’s bullish case is based on a persistent memory shortage with “no quick fix.” Morgan Stanley expects tight supply conditions to last two to three years or longer. This is seen as a meaningful tailwind for memory companies like Sandisk. Despite memory stocks already delivering strong performance in both 2025 and 2026, the firm believes the rally still has room to run.
Earlier, Susquehanna also raised the price target on SNDK from $2,000 to $3,250 with a Buy rating. The firm noted that its industry checks point to very strong pricing momentum. For instance, the Q2 DRAM average selling prices are trending up 50% to 60% quarter-over-quarter, slightly ahead of the 50% consensus expectation, while NAND pricing remains equally impressive, tracking up 75% to 100%. As a result of the strong prices, Susquehanna has raised estimates across its memory manufacturer coverage.
Sandisk Corporation (NASDAQ:SNDK) is involved in the development, manufacture, and provision of storage devices and solutions based on NAND flash technology. The company’s products include solid-state drives, memory cards, and USB flash drives.
While we acknowledge the potential of SNDK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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