Wall Street Sees More Upside for SanDisk Corporation (SNDK)’s AI Opportunity

SanDisk Corporation (NASDAQ:SNDK) is among the stocks with the best earnings growth for the next 3 years. On June 8, Vijay Rakesh from Mizuho raised estimates for SanDisk Corporation (NASDAQ:SNDK) following the quarterly AI application-specific integrated circuit roadmap call. The firm projects tensor processing units to reach 35 million in 2028, which is roughly 8-times the 4.3 million units in 2026. The analyst lifted the price target on the company to $2,200 from $1,825 and reaffirmed an Outperform rating.

On the same day, Cantor Fitzgerald also lifted the price target on Sandisk Corporation (NASDAQ:SNDK) to $2,900 from $1,800 and reiterated an Overweight rating. The firm believes the market has entered a new AI-driven memory paradigm, with sustained tailwinds suggesting the trade is only in the mid-innings.

Similarly, Wamsi Mohan from BofA elevated the price target on the company from $1,550 to $2,100 and maintained a Buy rating on June 8. While adjusting its FY27 revenue and EPS estimates to $44 billion and $188, respectively, the firm highlighted strong trends in pricing and sustained demand. With this level of optimism from analysts, SanDisk Corporation (NASDAQ:SNDK) is among the stocks with the strongest earnings growth over the next 3 years.

SanDisk Corporation (NASDAQ:SNDK) is a California-based company that provides data storage devices and solutions based on NAND flash technology. Founded in 2024, the company offers solid-state drives and flash-based embedded storage products.

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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