Barclays Nearly Doubles SanDisk (SNDK) PT to $750 Following Separation, FQ2 2026 Earnings Beat

1 month ago 17

Maham Fatima

Wed, February 4, 2026 astatine 8:08 AM CST 1 min read

Sandisk Corporation (NASDAQ:SNDK) is 1 of the inexpensive blistery stocks to put successful close now. On February 2, Barclays expert Tom O’Malley astir doubled his terms people for SanDisk to $750 from $385 portion maintaining an Equal Weight rating. This sentiment was announced by the steadfast pursuing SanDisk’s FQ2 2026 net beat.

On January 30, Bank of America raised the terms people connected Sandisk Corporation (NASDAQ:SNDK) to $850 from $390 portion maintaining a Buy rating. This accommodation followed FQ2 study wherever some gross and EPS exceeded guidance, alongside FQ3 projections that were described arsenic massively supra Street expectations.

Following the report, the steadfast importantly accrued its FY 2026 estimates. Revenue expectations were raised to $15.7 cardinal from $10.9 billion, portion EPS estimates grew to $39.50 from $16.21, reflecting higher margins and profitability than antecedently anticipated.

Barclays Nearly Doubles SanDisk (SNDK) PT to $750 Following Separation, FQ2 2026 Earnings Beat

Sandisk Corporation (NASDAQ:SNDK) develops, manufactures, and sells information retention devices and solutions utilizing NAND flash tech successful the US, Europe, the Middle East, Africa, Asia, and internationally.

While we admit the imaginable of SNDK arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.