Cantor Fitzgerald Reaffirms ‘Overweight’ Rating on Sandisk Corporation (SNDK) With $50 PT

Sandisk Corporation (NASDAQ:SNDK) is one of the 15 Stocks That Will Benefit From AI.

On August 15, 2025, Cantor Fitzgerald confirmed its Overweight rating and $50 price target for Sandisk Corporation (NASDAQ:SNDK) following the company’s excellent June-quarter results beat. However, a weaker EPS projection for September hurt investor confidence. Management cited a 14-week quarter that increased spending.

Despite near-term margin erosion from higher BiCS8 costs, Cantor expects profitability to stabilize as the cost per bit falls and average selling prices climb. Sandisk Corporation (NASDAQ:SNDK) reported that channel inventories have steadied, with its own levels improving to 135 days from 150 last quarter. The business raised profit expectations for 2025 and 2026, arguing that the stock appears undervalued, particularly after a 10%+ post-results decline, with analyst targets ranging from $37 to $70 and consensus leaning favorable.

Sandisk Corporation (NASDAQ:SNDK) creates and distributes NAND flash-based data storage products, such as SSDs, embedded storage, and detachable drives, to OEMs, cloud providers, and consumers worldwide across a variety of industries and applications. It is on our list of the Best AI Stocks.

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.