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Sandisk Corp. (NASDAQ:SNDK) is one of the 9 Stocks Winning by Double Digits.

Sandisk soared to an all-time high anew on Thursday, as investors continued to load up on its shares after Micron Technology’s stellar earnings performance that validated the ongoing strong demand for the memory market.

In intra-day trading, Sandisk Corp. (NASDAQ:SNDK) climbed to a fresh all-time high of $2,348 before paring gains to end the session just up by 21.53 percent at $2,335 apiece.

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Photo from Sandisk’s website

In its earnings release, Micron said that its record earnings performance and even stronger outlook for the fourth quarter of fiscal year 2026 “reflect the strategic value of memory in the AI era.”

Investment firm Citigroup raised its price target for Sandisk Corp. (NASDAQ:SNDK) by 23 percent to $2,500 from $2,025 previously, following Micron’s comments, while maintaining its buy recommendation.

It said that the coverage was amid an improving outlook for the NAND market following Micron’s better-than-expected results, noting that demand for NAND memory is exceeding supply, with tightness anticipated further beyond 2027.

“We remain constructive on favorable NAND supply/demand fundamentals on durable AI-led datacenter demand (KV cache offloading to more cost-effective SSDs),” Citigroup said.

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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