Top 5 Undervalued Blue Chip Stocks Analysts Recommend for Smart Investing

2. Sandisk Corporation (NASDAQ:SNDK)

Number of Hedge Fund Holders: 114

Sandisk Corporation (NASDAQ:SNDK) is one of the top 10 undervalued blue chip stocks analysts recommend for smart investing. Susquehanna lifted the price target on Sandisk Corporation (NASDAQ:SNDK) to $3,250 from $2,000 on May 29, maintaining a Positive rating on the shares. The firm stated that its checks suggest Q2 DRAM average selling prices are trending to be up 50%-60% quarter-over-quarter, ahead of expectations of up 50%. Meanwhile, NAND ASPs are trending unchanged at up 75-100% quarter-over-quarter. Susquehanna lifted estimates for memory manufacturers under its coverage, driven by growing confidence in the sustainability of the margin profile and the continued strength in blended ASPs.

Sandisk Corporation (NASDAQ:SNDK) also received a rating update from Mizuho on May 28, with the firm lifting the price target on the stock to $1,825 from $1,625 while maintaining an Outperform rating on the shares. The firm stated that it increased targets in the semiconductor space after analyzing the memory market and the impact of agentic AI. It further told investors in a research note that it believes DRAM demand will be strong into 2027, as NAND demand is not slowing down, and high bandwidth memory’s total addressable market is growing.

Sandisk Corporation (NASDAQ:SNDK) is involved in the development, manufacture, and provision of storage devices and solutions based on NAND flash technology. The company’s products include solid-state drives, memory cards, and USB flash drives.

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