SanDisk (SNDK) Stock Hits $1,600 as Bernstein Sets $3,000 Price Target

TLDR

• SanDisk stock opened at $1,600 Friday, up 480% year-to-date and the best-performing S&P 500 stock over the past year
• Bernstein analyst Mark Newman reiterated a $3,000 price target, implying roughly 87% upside from current levels
• Q4 FY2026 revenue came in at $8.96 billion, up 372% year-over-year, with EPS of $38.82 beating estimates of $33.28
• SanDisk’s long-term financial model (FY2028-2030) projects mid-to-high teen revenue growth, 80% gross margins, and 75% operating margins
• 13 of 15 analysts who recently updated their ratings reiterated “Buy,” with an overall “Strong Buy” consensus from 24 analysts

SanDisk (SNDK) stock opened Friday’s session at $1,600, continuing one of the most eye-catching runs in the market this year. The stock is up 480% year-to-date and has surged 3,397% over the past 12 months, making it the top performer in the S&P 500.

Sandisk Corporation, SNDK

For context, Micron (MU), another memory stock, is up 660% over the same period. SanDisk is lapping the competition.

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