Sandisk (NASDAQ: SNDK) stock has been on fire in 2026.
An investment of $1,000 in the shares of this memory specialist at the beginning of the year is now worth more than $7,200
You may be wondering if Sandisk remains worth buying after the phenomenal multibagger returns it has already delivered so far this year. Wall Street analysts definitely think so, as they have been raising their price targets on this semiconductor stock amid favorable conditions in the memory market. The artificial intelligence (AI)-fueled demand for flash storage in data centers has supercharged Sandisk’s growth, and the good news is that the primary catalyst behind the company’s growth is sustainable.
In fact, I won’t be surprised to see Sandisk crushing analysts’ expectations and delivering sizzling gains over the next couple of years. Let’s look at the reasons why. The decline in NAND flash supply will be a tailwind for Sandisk Sandisk designs and makes NAND flash memory products, such as solid-state drives (SSDs) and memory cards.