- SanDisk (NASDAQ: SNDK) stock opened Friday at $1,600, surging 480% year-to-date amid the AI boom.
- Bernstein analyst Mark Newman reiterated a $3,000 price target for SNDK, representing an 87% potential upside from current levels.
- The stock hit a yearly high of $2,354 in June before falling to $990 in July, rebounding 60% in under a month.
SanDisk (NASDAQ: SNDK) opened Friday’s trading session at $1,600 and is looking to further scale up in the indices. The leading high-bandwidth manufacturer (HBM) has spiked 480% year-to-date and is among the top-performing equities in the market.
Traders who took an entry position at any point in 2025 are all sitting on heaps of profits. The AI boom is what led to SNDK’s phenomenal run, as the company supplies memory to data centers.
Mark Newman, Managing Director and Senior Analyst covering Technology Hardware at Bernstein, reiterated his Price Prediction for SanDisk stock. After SNDK touched the $1,600 range, Newman urged institutions to begin accumulating the memory giant.
The Bernstein analyst predicted a $3,000 price target, a profit of $1,400 per share if traders enter today. That represents an approximate 87% ROI from the current price.
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