5 Stocks With 3x-5x Returns This Year

In this article, let us take a look at the 5 Stocks With 3x-5x Returns This Year. For a deeper discussion and an extended list, please see 11 Stocks With 3x-5x Returns This Year.

The New York Stock Exchange building. Photo by Дмитрий Трепольский on Pexels

5. Sandisk Corp. (NASDAQ:SNDK)

Sandisk Corp. has seen its stock price climb by 287 percent year-to-date—at $919.47 apiece versus only $237.38 on December 31—thanks to a highly optimistic growth outlook and the strong demand for memory storage products.

In a notice to investors earlier this month, Sandisk Corp. (NASDAQ:SNDK) said that it is scheduled to report its financial and operating highlights for the third quarter of fiscal year 2026 after market close on Thursday, April 30. A conference call will be held to discuss the results.

For the period, Sandisk Corp. (NASDAQ:SNDK) is expected to report revenue growth of 159 percent to 182 percent year-on-year to a range of $4.4 billion to $4.8 billion, versus the $1.7 billion in the same quarter a year earlier.

Non-GAAP diluted net income per share is expected to be at $12 to $14, or a reversal of the $0.30 loss per share a year earlier.

Gross margin, on the other hand, is projected to be at 64.9 percent to 66.9 percent.

The rally can also be partly attributed to the price expansion of NAND memory storage amid the growing demand from the artificial intelligence and data center sectors.

According to a research study by TrendForce, the jump in prices is expected to continue in the remaining months of the year, opening further opportunities for Sandisk Corp. (NASDAQ:SNDK) and its peers.