At the start of May, the ascending memory giant SanDisk (NASDAQ: SNDK) received an important stock price target update from a top-rated analyst.
Specifically, Bernstein’s Mark Newman not only confirmed he considers SNDK stock a ‘Buy,’ but also offered a major forecast increase, estimating the equity will hit $1,700 within the next 12 months.
Crucially, the update came around the time when SanDisk shares achieved and exceeded the analyst’s previous price target of $1,250. Indeed, SNDK soared 356.28% in 2026 and 5.80% on Monday as it started the day at $1,222 and ended it at $1,255.86.
The subsequent extended session brought an additional 1.17% climb to $,270.58.
Simultaneously, Newman’s note referenced the veritable deluge of tailwinds concentrated around SanDisk, including its recent revenue beat, optimistic guidance, and the prevailing 2026 pricing environment.
The Bernstein analyst boasts an 80% ‘Success Rate’ and an average 59.90% estimated average return on his forecasts for a 5-out-of-5 star rating on the stock analysis platform TipRanks.
Wall Street sets SanDisk stock price target for the next 12 months
Zooming out, Newman’s rating is in line – though somewhat more optimistic – than the Wall Street average. Indeed, SanDisk is rated as an overall ‘Strong Buy,’ with 13 such recommendations, 3 ‘Neutral’ notes, and no bearish forecasts.
On average, SNDK shares are expected to climb 10.18% in the 12 months to $1,383.75, per the data Finbold retrieved from TipRanks on May 5.
Notably, Bernstein’s high $1,700 is simultaneously not the most optimistic forecast. On May 1, Susquehanna’s Mehdi Hosseini set the Street high forecast at $2,000 for a 59.25% rise from the most recent close.
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