SanDisk stock (NASDAQ: SNDK) is among the top-performing equities in the US market in 2026. It surged by a whopping 538% year-to-date and has delivered phenomenal returns to traders. Institutional funds have made millions in profit trading SNDK, as the price spurt was one-of-a-kind. Retail investors are also making a beeline to accumulate the memory giant, but it is now too expensive to get their hands on.
Wall Street is still hungry for SanDisk stock, and the risk appetite is yet to see a decrease. Despite rising more than 500% in seven months, several analysts have estimates that SNDK still has steam left. Financial strategists have estimated that the high-bandwidth memory (HBM) maker can surge close to triple digits again. This makes SanDisk stock a must-watch equity, as the upward potential is immense and lucrative.
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Bernstein Predicts SanDisk Stock To Reach $3,000 (SNDK)
Mark Newman, the Managing Director and Senior Analyst covering Technology Hardware at Bernstein asset management firm, wrote in a note to clients that SanDisk stock will be the most profitable equity of the year. He maintained his buy rating for SNDK and predicts that the upward tick will continue throughout 2026 and 2027. He urged institutional clients to take an entry position in SNDK, even when its price is above the $1,615 level.
Bernstein’s Mark Newman has predicted that SanDisk stock could reach a new price target of $3,000. That’s an uptick and return on investment (ROI) of approximately 86% from its current price of $1,615. Therefore, an investment of $1,000 could turn into $1,860+ if the price prediction turns out to be accurate. This is a jaw-dropping price target for SNDK from Bernstein, which can make investors’ portfolios swell. Taking an entry position in the equity would be promising, as the risk-to-reward ratio is much higher.