SNDK Stock Has Rallied More Than 2,170% In A Year — How Much More Upside Does The Street See?

• Bernstein raised the price target on the company to $1,250 from $1,000 and maintained an ‘Outperform’ rating, which supposes an upside potential of about 49%. 
• Bernstein said that it raised SanDisk’s estimates significantly on better-than-expected NAND prices. 
• Meanwhile, UBS expects DDR prices to rise a further 37% in the second quarter of 2026, and NAND prices to increase 40%.

Sandisk Corp. (SNDK) continued its upward momentum on Thursday, after closing up 9.86% in the previous session, with Wall Street expecting the company’s shares to rally even further.

The flash memory maker surged about 7% at the time of writing, after having shot up more than a whopping 2,170% in the last one year. Meanwhile, analysts are raising price targets even further, citing strong memory demand.

Cantor Fitzgerald raised the price target on SanDisk to $1,000 from $800 and kept an ‘Overweight’ rating on the shares, according to TheFly. This indicates an upside potential of about 19% from the trading price at the time of writing.

Meanwhile, Bernstein raised the price target on the company to $1,250 from $1,000 and maintained an ‘Outperform’ rating, which supposes an upside potential of about 49%.

Street Consensus

Cantor Fitzgerald analyst C.J. Muse said that the key shift to look out for would be when investors would turn “risk-on” again after recent lowered net positions. The firm said that with easing geopolitical tensions and a 15% selloff in semiconductors, it sees that moment as imminent, favoring memory and semiconductor equipment first, followed by compute, where demand remains strong despite undervalued stocks.

Bernstein said that it raised SanDisk’s estimates significantly on better-than-expected NAND prices, while also noting that memory prices continue to increase even as NAND exhibits the strongest upside and continued acceleration.

Memory Demand Rising

Memory is a key component needed to power artificial intelligence infrastructure. According to a Barron’s report, analysts at UBS noted that prices for double data rate (DDR) memory rose about 95% in the first quarter of 2026 compared to the preceding quarter, while NAND flash memory prices rose 80%.

The analyst also said it expects DDR prices to rise 37% more in the second quarter and NAND prices to increase 40%, as per the report. Meanwhile, KeyBanc expects DRAM and NAND memory prices to rise up to 50% in the second quarter.

Memory Stocks

Other memory stocks have also climbed higher amid growing demand from AI data centers driving prices higher across the industry.

Boise, Idaho-based Micron Technology Inc. (MU) shares have gained about 430% in a year, while Western Digital Corp. (WDC) stock has surged 829.59% in the same time.

On Stocktwits, retail sentiment around SNDK stock has improved from ‘neutral’ to ‘bullish’. Meanwhile, retail chatter has increased 155% in the past 24 hours, according to platform data.

For updates and corrections, email newsroom[at]stocktwits[dot]com.