Sandisk Corporation (NASDAQ:SNDK) is one of the Best Stocks to Buy Now for High Returns.
The company is set to release its fiscal Q4 2026 earnings on August 5
The Street is bullish on the stock ahead of the earnings. Analysts’ 12-month average price target suggests more than 23% upside from the current level. Recently, on July 5, Goldman Sachs analyst James Schneider raised the firm’s price target on Sandisk Corporation (NASDAQ:SNDK) from $1,200 to $2,200 and reiterated a Buy rating on the shares.
The analyst is bullish on the stock ahead of the earnings as he expects a very strong quarter driven by continued NAND supply tightness. Schneider noted that management has given very positive commentary over the past few weeks and has given encouraging signals from customer agreements disclosed after peer Micron’s earnings. The analyst has raised his estimates on improving NAND pricing trends.