Benchmark Increases SanDisk (SNDK) PT to $85 Following a Price Hike Announcement

Sandisk Corporation (NASDAQ:SNDK) is one of the best IPO tech stocks to buy now. On September 8, Benchmark raised the firm’s price target on SanDisk to $85 from $70, while keeping a Buy rating on the shares after the company indicated its prices would increase more than 10% on all products for channel and consumer customers for new quotes and orders.

SanDisk Corporation’s revenue in FQ4 2025 was $1.901 billion, which was a 12% increase quarter-over-quarter and an 8% increase year-over-year. For FY2025, the total revenue reached $7.355 billion, which was up 10% from FY2024.

Benchmark Increases SanDisk (SNDK) PT to $85 Following a Price Hike Announcement

SanDisk’s revenue was driven by a mid-single-digit increase in both bit shipments and average selling prices/ASPs. The company’s data center business represented over 12% of total bits shipped, with cloud revenue at $213 million, which was up 25% year-over-year. Client revenue was $1.103 billion, while consumer revenue was $585 million.

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.

While we acknowledge the potential of SNDK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SNDK and that has 100x 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.