Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTAngelica BallesterosFri, June 26, 2026 at 5:20 AM GMT+2 2 min readSandisk Corp. (NASDAQ:SNDK) is one of the 9 Stocks Winning by Double Digits.Sandisk soared to an all-time high anew on Thursday, as investors continued to load up on its shares after Micron Technology's stellar earnings performance that validated the ongoing strong demand for the memory market.In intra-day trading, Sandisk Corp. (NASDAQ:SNDK) climbed to a fresh all-time high of $2,348 before paring gains to end the session just up by 21.53 percent at $2,335 apiece.Nasdaq (NDAQ) Launches New Private Capital Indexes to Standardize Benchmarking for Private Markets Photo from Sandisk's websiteIn its earnings release, Micron said that its record earnings performance and even stronger outlook for the fourth quarter of fiscal year 2026 "reflect the strategic value of memory in the AI era."Investment firm Citigroup raised its price target for Sandisk Corp. (NASDAQ:SNDK) by 23 percent to $2,500 from $2,025 previously, following Micron's comments, while maintaining its buy recommendation.It said that the coverage was amid an improving outlook for the NAND market following Micron's better-than-expected results, noting that demand for NAND memory is exceeding supply, with tightness anticipated further beyond 2027."We remain constructive on favorable NAND supply/demand fundamentals on durable AI-led datacenter demand (KV cache offloading to more cost-effective SSDs)," Citigroup said.While we acknowledge the potential of SNDK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info