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.

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 the cheapest AI stock.

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