Leopold Aschenbrenner’s Portfolio: 5 Best Stocks to Buy

2. Sandisk Corporation (NASDAQ:SNDK)

Market value of shares owned: $724.4 Million

% of portfolio: 5.29%

Sandisk Corporation (NASDAQ:SNDK) is one of the 10 Best Stocks in Leopold Aschenbrenner’s Portfolio.

On May 19, 2026, Citi raised its price target on Sandisk Corporation (NASDAQ:SNDK) from $1,300 to $2,025. The firm’s analyst maintained a Buy rating on the stock. Following Kioxia’s strong earnings report, the firm noted high storage demand and a highly favorable pricing environment. The analyst remains constructive on Sandisk, adding that its share buybacks could drive upside to earnings estimates.

Separately, Melius Research raised its price target on Sandisk Corporation (NASDAQ:SNDK) from $1,500 to $2,350 while maintaining a Buy rating on the stock on May 18, 2026. According to the analyst, the U.S. President’s trip to China did not yield any material impacts. However, the firm feels confident in memory and AI semiconductor makers, leading to higher long-term estimates and targets for Melius Research’s Buy-rated bottleneck stocks. The analyst believes that semiconductors will likely capture long-term market share and upside from traditional software firms and non-semiconductor companies within the Magnificent Seven group.

Founded in 1988, Sandisk Corporation (NASDAQ:SNDK) develops and manufactures data storage devices and solutions based on NAND flash technology. The California-based company’s offerings include solid-state drives, embedded products, removable cards, USB drives, and wafers and components, sold through consumer brands and global franchises.