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Sandisk Corp. (NASDAQ:SNDK) is one of the 10 Stocks With Easy 9-30% Upside.

Sandisk climbed to a fresh all-time high on Thursday, as investors gobbled up shares following Bernstein SocGen Group’s 25-percent price target upgrade for its stock while positioning portfolios ahead of its first quarter earnings results.

In intra-day trading, Sandisk Corp. (NASDAQ:SNDK) surged to an all-time high of $855 before paring gains to finish the session just up by 9.05 percent at $851.57 apiece.

Photo from Sandisk's website

In a market note, Bernstein raised its price target for Sandisk Corp. (NASDAQ:SNDK) to $1,250 from $1,000 previously, while maintaining an “outperform” rating. The figure marked a 47 percent upside potential from its latest closing price.

According to Bernstein, the coverage was based on significantly better-than-expected NAND prices amid the strong demand from the data center push.

In other news, Sandisk Corp. (NASDAQ:SNDK) is set to announce its financial and operating highlights for the third quarter of fiscal year 2026 after market close on Thursday, April 30. A conference call will be held to discuss the results.

For the said period, Sandisk Corp. (NASDAQ:SNDK) is expected to report $4.4 billion to $4.8 billion in revenues, or an implied growth of 159 percent to 182 percent from the $1.7 billion reported in the same quarter a year earlier.

Non-GAAP diluted net income per share is expected to be $12 to $14, or a reversal of the $0.30 loss per share a year earlier.

Gross margin, on the other hand, is projected at 64.9 percent to 66.9 percent.

While we acknowledge the potential of SNDK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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