Despite rising more than 800% this year, Sandisk stock still has room to run much higher, a Wall Street analyst says.

Memory chip maker SanDisk (SNDK) has become one of Wall Street’s best-performing AI stocks this year, with shares soaring over 780% year-to-date...

Despite rising more than 800% this year, Sandisk stock still has room to run much higher, a Wall Street analyst says.

Sandisk shares are trading higher Tuesday after Bernstein boosted its outlook on the stock and issued a major price‑target increase.

Even among its memory peers, Sandisk stands out in the S&P 500.

SanDisk (SNDK) stock dips 4% in premarket trading on profit-taking, but the long-term bullish trend and high analyst targets hold strong.

BofA's Wamsi Mohan sees SanDisk's NAND squeeze lasting through 2027, lifting his price target on stronger pricing and demand.