Why SanDisk Stock Is Soaring to a New All-Time High Today
Key Points
Morgan Stanley raised its price target on SanDisk stock this morning.
CounterPoint Research recently published bullish coverage on the NAND memory market.
- 10 stocks we like better than Sandisk ›
SanDisk (NASDAQ: SNDK) stock is posting another day of strong gains in Wednesday's trading and has set a new all-time high. The company's share price was up 5.1% as of 12:15 p.m. ET. Meanwhile, the S&P 500 was down 0.6%, and the Nasdaq Composite was off 0.3%.
SanDisk is gaining ground thanks to the publication of a new bullish analyst note. The company's share price is likely also getting a boost from new research covering the memory chip industry.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Image source: Getty Images.
Morgan Stanley raises price target on SanDisk
Before today's market open, Morgan Stanley published new coverage on SanDisk and reiterated its overweight rating on the stock. The investment firm also raised its price target on the stock from $1,100 per share to $1,750 per share and cited the very strong demand outlook in the memory market as a central reason for the big target increase. As of this writing, SanDisk stock has actually surpassed the investment firm's new price target.
This research firm sees a bullish outlook for memory tech
After the market closed yesterday, CounterPoint Research published a new report on the state of the NAND memory market for artificial intelligence applications. While the research firm said that Samsung continued to have leadership in the category and that SK Hynix commanded second-place positioning, it listed SanDisk as one of a handful of companies credibly competing for the third-place spot. Even though SanDisk isn't currently leading the market, the strong overall growth outlook suggests the company could still score big wins.
Should you buy stock in Sandisk right now?
Before you buy stock in Sandisk, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Sandisk wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $449,393!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,366,006!*
Now, it’s worth noting Stock Advisor’s total average return is 983% — a market-crushing outperformance compared to 212% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of June 3, 2026.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Recommended Articles
