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Why I’m Buying Sandisk Into Earnings (NASDAQ:SNDK)
I’m initiating SanDisk Corporation (SNDK) with a Buy. Though the easy money is gone, I’m talking about the risky money you can make. The company reports fiscal Q2 '26 on Thursday
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
What's Going On With SanDisk Shares?
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Morgan Stanley jacks up its Sandisk price target
Sandisk climbed early Monday after a hefty target price hike from analysts at Morgan Stanley.
Morgan Stanley semiconductor analysts upped their price target from the significantly under market level $273 (the shares are currently hovering around $473) to $483. Morgan Stanley’s big hike might be the start of a trend, as the velocity of the rally in Sandisk has left Wall Street’s average price target of $394 in the dust. The bank kept its “overweight” rating on the stock, which it first applied in March 2025.
Once primarily known as a stodgy maker of USB thumb drives, Sandisk has seen interest explode over the last year alongside prices for NAND memory chips, which its devices rely on. Sandisk was the best-performing stock in the S&P 500 last year, after it was added to the index in November. The shares are up a remarkable 1,255% over the last 12 months, with most of that gain coming since the beginning of September.
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