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Strong Profitability Outlook Earns Sandisk (SNDK) BofA’s Confidence

Sandisk Corporation (NASDAQ:SNDK) secures a spot on our list of the best memory stocks to buy according to analysts.

Source: Sandisk Corporation

As of April 20, 2026, analyst sentiment on Sandisk Corporation (NASDAQ:SNDK) remains strong, with 76% of covering analysts maintaining “Buy” ratings. The Street-high price target of $1,800 implies about 95.4% upside from the current share price of $921.

That bullishness has more behind it than a simple NAND recovery.

On April 17, 2026, BofA boosted its price target on Sandisk Corporation (NASDAQ:SNDK) to $1,080 from $900 and maintained a “Buy” rating. The bank sees NAND pricing surging and thinks this cycle could run longer than usual. Supply is tight, more business is shifting toward data centers, and inference workloads are shaping up as a reliable medium-term demand driver. All of that adds up to a stronger earnings outlook for Sandisk in the near term, according to the firm.

Meanwhile, Sandisk Corporation (NASDAQ:SNDK) is continuing to make moves on the technology front.

In February 2026, it teamed up with SK Hynix to push for standardization of High Bandwidth Flash (HBF) under the Open Compute Project, a joint effort aimed at building a next-generation memory solution purpose-built for inference workloads.

The BofA note addresses where Sandisk Corporation (NASDAQ:SNDK) stands right now, with pricing and demand both working in the company’s favor. Meanwhile, the work on HBF with SK Hynix speaks to where it is trying to be down the road.

Sandisk Corporation (NASDAQ:SNDK) is a semiconductor and flash storage hardware company.

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.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

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Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

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  • 175 Teslas
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  • 140 Metas
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  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
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