Goldman Sachs sets jaw-dropping SanDisk stock price target for 2026

I person been tracking SanDisk's numbers. It's 1 of my favourites. Why? Its performance, and the crushed down the large numbers. And the numbers support doing thing antithetic for sure. They support getting bigger than the already-big numbers that preceded them.

If you didn't know, SanDisk (SNDK) is the top-performing S&P 500 banal successful 2026, up 707.11% year-to-date, according to SlickCharts. It has lapped Micron astir 3 times. It has lapped Dell, which sits successful 2nd position. It has lapped everything. It has honestly been incredible.

And connected July 5, Goldman Sachs did thing that made adjacent seasoned semiconductor watchers halt and look twice. Goldman astir doubled its SanDisk terms target, maintaining its Buy standing successful a enactment shared with maine astatine TheStreet.

The 38-year-old SNDK closed July 9 astatine $1,858.27, up 7.59% connected the session, according to Yahoo Finance. The caller target, astir $2,200, implies astir 18% further upside from that close.

But the fig itself is astir secondary to what Goldman is really saying. The firm's non-GAAP net per stock estimation for calendar twelvemonth 2026 is much than 30% supra the Street consensus, arsenic noted. That spread betwixt Goldman's presumption and the market's is the existent communicative here. Let's look astatine it.

Also Read: SanDisk Corp. Latest News and Stories

What Goldman is seeing that astir analysts are not

On July 9, I covered Goldman's AMD net preview from the aforesaid source, noting that the server CPU communicative wins the earnings. My workfellow broke down AMAT, citing expected DRAM spot to thrust best-in-class maturation successful 2026. Today, it is SanDisk's turn, and the setup Goldman describes is adjacent much bullish.

The steadfast raised its 12-month people to $2,200 from $1,200, based connected a 20 times price-to-earnings aggregate applied to a normalized EPS estimation of $110, importantly higher than the anterior estimation of $55, Goldman wrote successful the enactment shared with me.

We expect a precise beardown 4th driven by continued NAND proviso tightness.

More SanDisk:

• Bernstein's SanDisk forecast reboot sparks monolithic people upgrade

• Veteran Wall Street trader sharply raises SanDisk banal terms target

• Sandisk aboriginal hinges connected almighty AI shift, says Morgan Stanley

The people methodology is worthy speechmaking carefully. Goldman reduced its aggregate from 22 times to 20 times connected a higher net base, and the EPS estimation doubled.

That is not a valuation ostentation story. It is simply a cardinal net powerfulness revision driven by NAND pricing information that Goldman believes the Street has not yet afloat incorporated.