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If the memory bottleneck problem is solved, it could spell trouble for all the investors and analysts who were pricing in unprecedented memory demand. However, one research firm believes the market is overreacting and that the TurboQuant development will have little impact on memory demand.Analysts at Bernstein believe HDD demand won’t budge as a result of Google’s new algorithm, while NAND memory demand may only be slightly impacted. In the past few days, people have adopted a “sell first, ask questions later" approach. This has created an attractive valuation for those willing to take a position in memory stocks, especially SanDisk (SNDK). Bernstein now has a $1,000 price target on SNDK stock.Dear Tesla Stock Fans, Mark Your Calendars for April 21Stocks Pare Losses on Hormuz ReportStocks Recover on Hopes Strait of Hormuz Could Soon ReopenTired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now!SanDisk is a multinational company headquartered in Milpitas, California that specializes in developing, manufacturing, and selling data storage technologies. The firm uses NAND flash technology for this purpose, providing solid-state drives for gaming consoles, desktops, and PCs, with core offerings spanning USB drives, flash-based embedded storage products for various wearable and portable devices, home applications, automotive applications, and more.SNDK stock has returned 1,371% over the last 12 months, mainly due to restricted supply and massive demand for memory products because of AI workloads. However, the stock saw a drawdown in March, which is what created the recent buying opportunity.www.barchart.comSNDK stock should continue to grow through the end of 2027, with earnings growth of 133% expected in fiscal 2027. This is on top of the 2,000% earnings growth expected in fiscal 2026. The question, however, is where will the company go once memory demand settles down?Investors currently pay a forward earnings multiple of 15.6 times for the stock, which is a fair valuation and reflects that the market isn’t as optimistic on memory demand continuing as many might suggest. Looking at the expected earnings growth numbers and memory demand, though, one is likely inclined to buy SNDK at whatever the market values it right now.Another reason in favor of the bulls is SanDisk's healthy free cash flow. The company reported free cash flow of $1.45 billion in the last 12 months.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersBTC-USD Bitcoin USD 66,868.23 +306.28 (+0.46%)ETH-USD Ethereum USD 2,050.65 -1.73 (-0.08%)XRP-USD XRP USD 1.31 +0.01 (+0.42%)^GSPC S&P 500 6,582.69 +7.37 (+0.11%)SOL-USD Solana USD 80.20 +1.00 (+1.27%)PortfolioSign in to access your portfolioSign inTop gainersAAOI Applied Optoelectronics, Inc. 103.91 +17.56 (+20.34%)SBAC SBA Communications Corporation 204.04 +32.48 (+18.93%)YSS York Space Systems, Inc. 28.03 +4.43 (+18.77%)VSAT Viasat, Inc. 53.69 +8.46 (+18.70%)LUNR Intuitive Machines, Inc. 23.99 +3.75 (+18.53%)Top losersKNF Knife River Corporation 73.91 -8.20 (-9.99%)WIX Wix.com Ltd. 81.95 -8.55 (-9.45%)PBH Prestige Consumer Healthcare Inc. 52.48 -5.20 (-9.02%)ENPH Enphase Energy, Inc. 34.92 -3.36 (-8.78%)RGC Regencell Bioscience Holdings Limited 30.80 -2.92 (-8.66%)Most activeNVDA NVIDIA Corporation 177.39 +1.64 (+0.93%)INTC Intel Corporation 50.38 +2.35 (+4.89%)NOK Nokia Oyj 8.82 +0.55 (+6.65%)PLUG Plug Power Inc. 2.4100 +0.1600 (+7.11%)TSLA Tesla, Inc. 360.59 -20.67 (-5.42%)Top economic eventsEarnings eventsMy earnings eventsEarnings events