We recently published 13 Stocks Jim Cramer Commented On. Sandisk Corporation is one of the stocks Jim Cramer commanded on.
Sandisk Corporation, like its peers in the computer data storage device manufacturing industry, has performed well on the stock market. Since March 2024, the stock is up by 863%, and year to date, the stock is up by 76%. Benchmark discussed Sandisk Corporation in mid-January. It raised the share price target to $450 from $260 and kept a Buy rating on the shares. One factor that the financial firm cited for its optimism was the capacity in the NAND market. Benchmark commented that Sandisk Corporation could benefit from a deliberate expansion in memory capacity, which was different from previous cycles of high demand that had seen aggressive capacity expansion and led to an oversupply in the market. As Sandisk Corporation’s shares have stunned market observers, Cramer has discussed the stock several times. Recently, he advised viewers to sell the stock to take profit, given the massive share price rise. This time, like the analysts, the CNBC TV host mentioned the shortage of Sandisk Corporation’s products:
“Okay, so, here’s the ones that have a shortage that can’t be met. . .Sandisk. . .Those stocks are up. . .111 at Sandisk. . .this is from the year began.”
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This article is originally published at Insider Monkey.
