SanDisk (SNDK) shares rose about 14% on Thursday after the company laid out stronger‑than‑expected long‑term targets on its Investor Day. Five-star-rated Goldman Sachs analyst James Schneider kept his Buy rating and $2,200 (44% upside) price target, saying the event should help the stock hold its gains. Schneider said SanDisk’s new financial goals were well above what investors had been modeling. Management now sees mid‑to‑high‑teens revenue growth, 80% gross margins, and 75% operating margins from FY28 to FY30, levels that point to strong profit power even as the memory market shifts.
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Two ETFs for long or short leverage on SNDKSanDisk also plans to return 100% of excess free cash flow to shareholders. The analyst noted that this is far ahead of what peers have announced so far and adds support for the stock.
Further, the company outlined a detailed roadmap for its next‑gen high-bandwidth flash (HBF) technology. HBF is designed to boost AI inference performance while lowering system costs tied to HBM. Schneider called the roadmap “compelling” and said it adds upside optionality to SanDisk’s long‑term story.
It is worth noting that Schneider ranks 326th out of more than 12,467 analysts tracked by TipRanks. He has an overall success rate of 88% on SNDK stock, with an average return per rating of 392.69% over a one-year timeframe.
Cycle Questions Remain
Meanwhile, the analyst did flag one risk. While long‑term customer agreements (NBMs) may help smooth out industry cycles, he said this idea still needs to be proven and may take time to show up in the stock’s valuation.
Even with this concern, Schneider reiterated a bullish rating, saying SanDisk should benefit from tight NAND supply and a product mix that keeps improving. He expects the stock to hold today’s gains after the Investor Day helped boost market sentiment.
Is SNDK a Good Stock to Buy Now?
Turning to Wall Street, analysts remain highly bullish about SanDisk’s long-term potential due to AI-demand tailwinds. SNDK stock has a Strong Buy consensus rating on TipRanks based on 14 Buys and two Holds. The average SNDK stock price target of $2,181.25 indicates about 43% upside potential.
