Is Sandisk (SNDK) the Best Debt-Free S&P 500 Stock to Buy Now?

Sandisk Corporation (NASDAQ:SNDK) is one of the 10 Best Debt-Free S&P 500 Stocks to Buy Now.

On May 26, 2026, Barclays analyst Tom O’Malley upgraded Sandisk Corporation (NASDAQ:SNDK) to Overweight from Equal Weight with a price target of $2,300, up from $1,200. O’Malley said Memory and Storage is the most attractive vertical below accelerators and expects continued pricing upside as supply-demand imbalance persists through 2027.

On May 19, 2026, Citi raised the firm’s price target on Sandisk Corporation (NASDAQ:SNDK) to $2,025 from $1,300 and maintained a Buy rating on the shares. Citi said Kioxia’s “strong” earnings report pointed to “persistently strong” storage demand and a “highly favorable” pricing environment. The firm remains constructive on SanDisk and believes buybacks can help drive upside to earnings estimates.

Last month, Sandisk Corporation (NASDAQ:SNDK) reported fiscal Q3 EPS of $23.41, ahead of the consensus estimate of $14.66. Revenue totaled $5.95B, above the consensus estimate of $4.73B. CEO David Goeckeler said the quarter marked a “fundamental inflection point” for Sandisk, with its technology leadership supporting a shift toward higher-value end markets led by Datacenter. Goeckeler also cited multi-year customer engagements, a zero-debt balance sheet, strong cash generation, and a recently authorized share repurchase program.

Goldman Sachs Raises its Price Target on SanDisk (SNDK) to $1,200

Sandisk Corporation (NASDAQ:SNDK) develops, manufactures, and sells data storage devices and solutions using NAND flash technology internationally.

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