Sandisk Company (NASDAQ:SNDK) is likely one of the Best Up and Coming AI Stocks to Buy Now. Analysts have been getting more and more extra bullish on Sandisk Company (NASDAQ:SNDK). Over the previous week, Morgan Stanley and Susquehanna raised worth targets on SNDK with Outperform scores.
On June 3, Morgan Stanley raised the value goal from $1,100 to $1,750 and maintained an Outperform ranking on the shares. The agency’s bullish case is predicated on a persistent reminiscence scarcity with “no fast repair.” Morgan Stanley expects tight provide situations to final two to 3 years or longer. That is seen as a significant tailwind for reminiscence firms like Sandisk. Regardless of reminiscence shares already delivering sturdy efficiency in each 2025 and 2026, the agency believes the rally nonetheless has room to run.
Earlier, Susquehanna additionally raised the value goal on SNDK from $2,000 to $3,250 with a Purchase ranking. The agency famous that its trade checks level to very sturdy pricing momentum. As an example, the Q2 DRAM common promoting costs are trending up 50% to 60% quarter-over-quarter, barely forward of the 50% consensus expectation, whereas NAND pricing stays equally spectacular, monitoring up 75% to 100%. On account of the sturdy costs, Susquehanna has raised estimates throughout its reminiscence producer protection.
Sandisk Company (NASDAQ:SNDK) is concerned within the improvement, manufacture, and provision of storage units and options primarily based on NAND flash expertise. The corporate’s merchandise embrace solid-state drives, reminiscence playing cards, and USB flash drives.
Whereas we acknowledge the potential of SNDK as an funding, we consider sure AI shares provide higher upside potential and carry much less draw back danger. For those who’re on the lookout for an especially undervalued AI inventory that additionally stands to profit considerably from Trump-era tariffs and the onshoring development, see our free report on the best short-term AI stock.
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