Is Sandisk Corporation (SNDK) One of the Best Cheap Stocks to Buy for Beginners?

Sandisk Corporation (NASDAQ:SNDK) is one of the best cheap stocks to buy for beginnersMorgan Stanley raised the price target on Sandisk Corporation (NASDAQ:SNDK) to $1,750 from $1,100 on June 3 and maintained an Overweight rating on the shares. The firm told investors that there is “no quick fix to the memory shortage” that is going to drive what could be two to three more years, or longer, of tight supply conditions in memory. It also stated that although memory stocks were strong in 2025 and have continued to pace the market again in 2026. Morgan Stanley does not believe that “the run of strong performance is over”.

ON Semiconductor Corporation (ON): Among Billionaire Glenn Russell Dubin’s Stock Picks with Huge Upside Potential

Sandisk Corporation (NASDAQ:SNDK) also received a rating update from Susquehanna on May 29, with the firm lifting the price target on the stock to $3,250 from $2,000 while maintaining a Positive rating on the shares. The firm stated that its checks suggest Q2 DRAM average selling prices are trending to be up 50%-60% quarter-over-quarter, ahead of expectations of up 50%. Meanwhile, NAND ASPs are trending unchanged at up 75-100% quarter-over-quarter.

Sandisk Corporation (NASDAQ:SNDK) is involved in the development, manufacture, and provision of storage devices and solutions based on NAND flash technology. The company’s products include solid-state drives, memory cards, and USB flash drives.

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.

READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1