Memory maker, SanDisk (SNDK), has seen a significant surge in stock price, returning 105% year-to-date. Strong demand for high-capacity 3D NAND memory devices is expected to drive growth, with AI applications fueling the industry’s momentum.

SanDisk, a flash memory maker, has reported a 23% YoY increase in revenue for Q1 2026, reaching $2.3 billion. The company’s focus on innovation and strong demand for NAND products has led to robust financial performance.

Analysts have a consensus “Moderate Buy” rating on SNDK stock, with a mean price target of $345.94. Despite a potential 31% downside, the most bullish estimate sets the upside at 15.7%, indicating positive sentiment towards the company’s growth prospects.

RBC Capital Markets forecasts significant growth in semiconductor revenue from AI applications, supporting SNDK stock with a sector “Perform” rating. With the potential for strong cash flow growth and stable valuations, SanDisk remains an attractive investment option.

Read more at Yahoo Finance: SanDisk Shares Are Already Up 105% in 2026. How Much Higher Can SNDK Stock Go This Year?