Sandisk (SNDK) Hits All-Time High on 25% PT Hike, Ahead of Q1 Earnings

Sandisk Corp. (NASDAQ:SNDK) is one of the 10 Stocks With Easy 9-30% Upside.

Sandisk climbed to a fresh all-time high on Thursday, as investors gobbled up shares following Bernstein SocGen Group’s 25-percent price target upgrade for its stock while positioning portfolios ahead of its first quarter earnings results.

In intra-day trading, Sandisk Corp. (NASDAQ:SNDK) surged to an all-time high of $855 before paring gains to finish the session just up by 9.05 percent at $851.57 apiece.

Photo from Sandisk’s website

In a market note, Bernstein raised its price target for Sandisk Corp. (NASDAQ:SNDK) to $1,250 from $1,000 previously, while maintaining an “outperform” rating. The figure marked a 47 percent upside potential from its latest closing price.

According to Bernstein, the coverage was based on significantly better-than-expected NAND prices amid the strong demand from the data center push.

In other news, Sandisk Corp. (NASDAQ:SNDK) is set to announce its financial and operating highlights for the third quarter of fiscal year 2026 after market close on Thursday, April 30. A conference call will be held to discuss the results.

For the said period, Sandisk Corp. (NASDAQ:SNDK) is expected to report $4.4 billion to $4.8 billion in revenues, or an implied growth of 159 percent to 182 percent from the $1.7 billion reported in the same quarter a year earlier.

Non-GAAP diluted net income per share is expected to be $12 to $14, or a reversal of the $0.30 loss per share a year earlier.

Gross margin, on the other hand, is projected at 64.9 percent to 66.9 percent.

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