10 Best Young Tech Stocks to Buy

2. Sandisk Corporation (NASDAQ:SNDK)

Market Capitalization: $30.68 billion

Number of Hedge Fund Holders: 61

Sandisk Corporation (NASDAQ:SNDK) is one of the Best Young Tech Stocks to Buy. On December 19, Asiya Merchant from Citi reiterated a Buy rating on the stock without disclosing any price targets. A day earlier, on December 18, Mark Miller from Benchmark Co. reiterated a Buy rating on the stock with a price target of $260.

Mark Miller of Benchmark Co. noted that the bullish sentiment is based on the strong results from Micron, which delivered strong results driven by AI and a mid-teen percentage increase in NAND prices during the latest quarter. The analyst noted that the increase in NAND prices directly impacts Sandisk Corporation’s (NASDAQ:SNDK) business. Moreover, the analyst also pointed out that the company has grown its revenue by 10.94% during the year, and analysts expect more than 42% growth in 2026, driven by increased prices and demand.

He added that analysis suggests high-teens percentage demand growth for NAND in 2026, driven by server sales outpacing supply.

That said, earlier on December 8, S&P Global Ratings revised its outlook on Sandisk Corporation (NASDAQ:SNDK) from stable to positive and affirmed its BB credit rating. The positive outlook is based on improved cash flow generation and the improvement in the market position of the company. S&P sees the strong demand and supply shortage of NAND to drive significant revenue for the company. S&P now forecasts Sandisk Corporation’s (NASDAQ:SNDK) revenue to increase to $10 billion in 2026 from $7.3 billion, along with further growth anticipated in 2027.

Sandisk Corporation (NASDAQ:SNDK) develops, manufactures, and sells data storage devices and solutions using NAND flash technology in the US, Europe, the Middle East, Africa, Asia, and internationally.