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Sandisk Corporation (NASDAQ:SNDK) is one of the top stock giants that were suddenly on fire in April. Cantor Fitzgerald lifted the price target on Sandisk Corporation (NASDAQ:SNDK) to $1,800 from $1,400 on May 1, reiterating an Overweight rating on the shares. The firm told investors in a research note that the company announced a significant NAND industry shift through long-term “New Business Model” contracts that secure significant bit commitments, demand protection, and pricing visibility across a considerable portion of future output. This reinforces a more durable and higher-margin structure. However, Cantor added that questions around long-term margin sustainability and contract rollovers still exist despite near-term upside to visibility and valuation.

In another development, BofA lifted the price target on Sandisk Corporation (NASDAQ:SNDK) to $1,550 from $1,080 the same day, and maintained a Buy rating on the shares. The rating update came after the company reported a “strong beat” to fiscal Q3 revenue and EPS expectations, and guided Q4 “massively above Street expectations.” BofA further stated that its FY26 revenue and EPS estimates move up to $19.4B and $65.13, from $16.9B and $45.42, respectively, on higher margins and profitability.

Sandisk Corporation (NASDAQ:SNDK) is involved in the development, manufacture, and provision of storage devices and solutions based on NAND flash technology. The company’s products include solid-state drives, memory cards, and USB flash drives.

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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