10 Best Multibagger Stocks to Buy for Long Term

8. Sandisk Corporation (NASDAQ:SNDK)

Sandisk Corporation (NASDAQ:SNDK) is one of the Best Multibagger Stocks to Buy for Long Term. On April 10, Jefferies lifted its price objective on the company’s stock to $1,000 from $700 and maintained a “Buy” rating on the shares. As per the firm, ongoing long-term agreement negotiations as well as AI demand are the factors that are helping further increase in NAND prices. Also, the firm expects such dynamics to result in positive revisions for Sandisk Corporation (NASDAQ:SNDK).

Notably, the price target of $1,000 is on the basis of a 10x multiple applied to the CY 2028 EPS estimate of $95.26. As per the analyst, the firm has been outlining its thoughts on the present memory landscape in conjunction with the rise in price objective. Sandisk Corporation (NASDAQ:SNDK) is anticipated to start shipping QLC eSSDs to 2 Tier 1 customers over the upcoming quarters. The firm opines that this can fuel market share gains in its Data Center business.

Sandisk Corp. (NASDAQ:SNDK) is a semiconductor and flash storage hardware company.