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Sandisk Corp. (NASDAQ:SNDK) is one of the 10 best computer hardware stocks to buy for the next 5 years.

On June 8, Cantor Fitzgerald increased the target price for Sandisk Corp. (NASDAQ:SNDK) from $1,800 to $2,900, resulting in a revised upside potential of more than 74%. The firm also upheld its Overweight rating on the stock.

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The firm attributed such optimism to the ongoing AI-driven trends, which represent a new chapter for the memory storage segment. The firm also reflected on potential tailwinds, because of which attractive returns are likely to come.

On May 18, Melius Research increased the target price on Sandisk Corp. (NASDAQ:SNDK) from $1,500 to $2,350, which now yields almost 51% upside potential. The firm also maintained its Buy rating on the stock. The firm noted that President Trump’s recent visit to China didn’t really help the situation.

However, it remains optimistic about the long-term prospects for memory and AI semiconductor makers. The firm elevated its outlook for all the bottleneck stocks that were already rated as Buys. It also believes that semiconductor companies will keep growing and eventually take value away from big software companies like those in the Mag 7.

Sandisk Corp. (NASDAQ:SNDK) uses NAND flash technology and sells its products internationally. The company provides portable and wearable devices, IoT, solid state drives, gaming consoles, flash-based embedded storage products, as well as removable cards, universal serial bus drives, wafers, and components. It sells its products to datacenters, private cloud customers, cloud service providers, computer manufacturers, distributors, and retailers.

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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