Analyst Says SanDisk (SNDK) is Among the Top Undervalued Data Storage Stocks

We recently published Wall Street Analysts Like These 10 Stocks. Sandisk Corporation (NASDAQ:SNDK) is one of the stocks analysts were recently talking about.

Mark Newman, Bernstein senior analyst, recently said during a program on CNBC that the market is underappreciating SanDisk Corp (NASDAQ:SNDK), and the stock is undervalued. Here is how the analyst made the case for the stock:

“I mean, SanDisk Corp (NASDAQ:SNDK) just spun out from Western Digital earlier in the year. I think it’s not well appreciated. I think it’s starting to outperform the last few weeks. But if you look prior to that, it had been pretty flat. And if you look in our initiation note out today, we value Sandisk on a few different metrics. And if you value it on a portion of its fab replacement value, it is trading at about half, which means it is trading at less than half of the value of the fab replacement cost. It’s not putting any real value into the ongoing free cash flow generation and earnings growth from the company. The actual intellectual property in the company is effectively valued at zero. And so we think there’s a lot more upside here. They are also benefiting from the intelligence revolution and the data explosion as well because data is being stored in not just hard disk drives but also nan flash. So SanDisk Corp (NASDAQ:SNDK) also benefits from this.”

Analyst Says SanDisk (SNDK) is Among the Top Undervalued Data Storage Stocks Now

Loomis Sayles Small Cap Value Fund stated the following regarding Sandisk Corporation (NASDAQ:SNDK) in its second quarter 2025 investor letter:

“Sandisk Corporation (NASDAQ:SNDK) is a leading manufacturer of flash memory data storage primarily for consumer electronic devices and the recent investment was predicated on a cyclical recovery in the company’s end markets. However, the potential negative consequences of tariffs on the consumer electronics market and data storage prices was determined to be an investment thesis break and we exited our relatively small position after a modest rally in the stock off the early April price level.”

While we acknowledge the risk and potential of SNDK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SNDK and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.