Sandisk (SNDK) Soars as Berstein Hikes PT by 72%

We precocious published 10 Big Names Already Crushing This February. Sandisk Corporation (NASDAQ:SNDK) was 1 of the apical performers connected Monday.

Sandisk extended its winning streak to a 5th consecutive time connected Monday, adding 15.44 percent to adjacent astatine $665.24 apiece, arsenic investors took bosom from an concern firm’s 72 percent terms people upgrade for its stock.

In an updated report, Bernstein raised its terms people for Sandisk Corporation (NASDAQ:SNDK) to $1,000 from $580 previously, reflecting a 50 percent upside imaginable from its latest closing price. It besides reaffirmed an “outperform” standing for its stock.

The sum followed the company’s 672 percent nett income enlargement successful the 2nd 4th of fiscal twelvemonth 2026, astatine $803 cardinal from lone $104 cardinal successful the aforesaid play past year, portion operating income climbed by 446 percent to $1.065 cardinal from $195 million.

Revenues, connected the different hand, roseate by 61 percent to $3.025 cardinal from $1.876 billion, with the bulk owed to the Edge conception astatine $1.678 billion, followed by user astatine $907 million, and information halfway astatine $440 million.

Data halfway revenues unsocial were driven by the beardown adoption among AI infrastructure developers, semi-custom customers, and exertion companies deploying AI astatine scale.

For the 3rd 4th of the year, revenues are targeted astatine a scope of $4.4 cardinal to $4.8 billion, oregon an implied enlargement of 159 percent to 183 percent from the $1.695 cardinal reported successful the aforesaid play a twelvemonth earlier. Gross margins are expected to beryllium astatine 64.9 percent to 66.9 percent.

While we admit the imaginable of SNDK arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.