5 Best Memory Stocks to Buy According to Analysts

2. Sandisk Corporation (NASDAQ:SNDK)

Sandisk Corporation (NASDAQ:SNDK) secures a spot on our list of the best memory stocks to buy according to analysts.

As of April 20, 2026, analyst sentiment on Sandisk Corporation (NASDAQ:SNDK) remains strong, with 76% of covering analysts maintaining “Buy” ratings. The Street-high price target of $1,800 implies about 95.4% upside from the current share price of $921.

That bullishness has more behind it than a simple NAND recovery.

On April 17, 2026, BofA boosted its price target on Sandisk Corporation (NASDAQ:SNDK) to $1,080 from $900 and maintained a “Buy” rating. The bank sees NAND pricing surging and thinks this cycle could run longer than usual. Supply is tight, more business is shifting toward data centers, and inference workloads are shaping up as a reliable medium-term demand driver. All of that adds up to a stronger earnings outlook for Sandisk in the near term, according to the firm.

Meanwhile, Sandisk Corporation (NASDAQ:SNDK) is continuing to make moves on the technology front.

In February 2026, it teamed up with SK Hynix to push for standardization of High Bandwidth Flash (HBF) under the Open Compute Project, a joint effort aimed at building a next-generation memory solution purpose-built for inference workloads.

The BofA note addresses where Sandisk Corporation (NASDAQ:SNDK) stands right now, with pricing and demand both working in the company’s favor. Meanwhile, the work on HBF with SK Hynix speaks to where it is trying to be down the road.

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