Sandisk Corporation (NASDAQ:SNDK) is gaining attention as one of the Best Up and Coming AI Stocks to Buy Now, according to analysts. Recently, both Morgan Stanley and Susquehanna raised their price targets on SNDK with Outperform ratings, indicating a positive outlook for the company’s future.
On June 3, Morgan Stanley increased its price target on SNDK from $1,100 to $1,750 while maintaining an Outperform rating. The firm’s bullish case is centered around a persistent memory shortage that is expected to last for two to three years or longer, providing a significant tailwind for memory companies like Sandisk. Despite strong performance in 2025 and 2026, Morgan Stanley believes that there is still room for growth in the memory sector.
Susquehanna also raised its price target on SNDK from $2,000 to $3,250 with a Buy rating. The firm’s industry checks suggest strong pricing momentum, with DRAM average selling prices trending up 50% to 60% quarter-over-quarter and NAND pricing also showing impressive growth of 75% to 100%. As a result of these strong prices, Susquehanna has raised its estimates across its memory manufacturer coverage.
Sandisk Corporation is known for its development, manufacture, and provision of storage devices and solutions based on NAND flash technology. The company’s product offerings include solid-state drives, memory cards, and USB flash drives.
While SNDK presents a promising investment opportunity, some AI stocks may offer greater upside potential with less downside risk. For investors looking for an undervalued AI stock that stands to benefit from current economic trends, it may be worth exploring other options in the market.
In conclusion, Sandisk Corporation is receiving positive attention from analysts, with price target upgrades and Outperform ratings. Investors should carefully consider their options and conduct thorough research before making any investment decisions.
