Sandisk (SNDK) Touches Fresh Record on Bullish Analyst Rating

We recently published 10 Stocks With 10-60% Upside. Sandisk Corp. (NASDAQ:SNDK) is one of the top performers on Monday.

Sandisk extended its gains for a second day on Monday, to hit a new record high,  as investors continued to load up positions after maintaining a bullish rating from an investment firm.

During the session, Sandisk Corp. (NASDAQ:SNDK) soared to its highest level of $114 before trimming gains to end the day just up by 16.87 percent at $113.50 apiece, as investors continued to digest Citigroup’s maintained “buy” recommendation for its stock, alongside a price target of $125.

Sandisk (SNDK) Touches Fresh Record on Bullish Analyst Rating

The said figure suggests a 9.6 percent upside potential from its latest closing price.

In other news, Sandisk Corp. (NASDAQ:SNDK) announced the official unveiling date for its new storage solutions exclusively for ROG Xbox Ally Handhelds.

To be launched on October 16, the new products, a microSD card and an SSD, are now available for pre-order.

The microSD cards alone are offered in various storage sizes such as 512 GB, 1 TB, and 2TB, while the SSD will be able to store 4 TB of data.

“In the era of massive game sizes and game libraries, there is an increasing demand for high-performing storage solutions with greater capacities,” Sandisk Corp. (NASDAQ:SNDK) 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 this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.