SanDisk continues to turn heads on Wall Street after another major analyst raised expectations for the memory technology company, extending what has already been one of the stock market’s most remarkable rallies of 2026.
If you’ve already picked up the June edition of The Readovia Stock Stack™, SanDisk should look familiar. The company is one of the eight stocks featured in the report and has continued its remarkable climb this year as Wall Street grows increasingly optimistic about its role in the AI infrastructure boom.
On Tuesday, Bernstein analyst Mark Newman reaffirmed his “Outperform” rating on SanDisk and raised his price target from $1,700 to $3,000, signaling confidence that the company’s momentum could continue. The new target reflects the firm’s belief that SanDisk’s long-term supply agreements provide stronger protection against future market downturns while improving earnings visibility.
SanDisk shares closed the day up more than 10%, adding to an extraordinary run that has seen the stock soar approximately 858% year to date. The company reached a record high earlier this month and remains one of the best-performing stocks of 2026.
Much of the optimism centers on growing demand for memory and storage technology used in artificial intelligence infrastructure. As companies continue investing in larger data centers and AI systems, demand for enterprise solid-state drives and NAND flash memory has remained exceptionally strong.
Analysts also point to SanDisk’s evolving long-term customer agreements, which now include longer contract periods, pricing protections, and upfront financial commitments. Those changes are expected to provide more predictable revenue and reduce some of the risks traditionally associated with the memory chip industry.
While Wall Street’s latest price target reflects continued optimism, investors should remember that analyst forecasts are opinions rather than guarantees. After such a dramatic rally, periods of volatility remain possible, even for companies with strong long-term growth prospects.
Still, SanDisk’s performance serves as another reminder that the companies supplying the technology behind artificial intelligence continue to attract significant investor attention as the AI infrastructure buildout accelerates.
