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. Copyright: believeinme33 / 123RF Stock Photo 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.