Sandisk

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Sandisk shares jump 5.47% after-hours as analysts upgrade revenue forecasts and AI-driven demand boosts optimism.

Micron Technology

Top AI Stocks to Buy in February: Micron and Sandisk

Sandisk shares rise 5.56% intraday after analysts upgrade revenue forecasts by 38% and boost price targets.

SanDisk Corporation (SNDK) Revenue Forecast Upgraded by 38%, Analysts Now Expecting 73% Sales Improvement in 2026

Catalyst<ul> <li>Strong bullish signals including RSI Overbought and Long Lower Shadow have occurred multiple times in early February indicating positive technical momentum.</li> <li>Analysts rate SNDK with 5 Strong Buy, 4 Buy, and 4 Neutral ratings showing institutional optimism despite some valuation concerns.</li></ul>Risk<ul> <li>Large and medium-sized fund flows are negative according to recent inflow ratios suggesting outflows from major investors.</li> <li>Fundamental analysis highlights negative factors including profit-MV and cash-UP indicating possible concerns about profitability and cash growth.</li></ul>

Key Factors

Sandisk (SNDK) reported Q2 fiscal 2026 results with a 61% year-over-year revenue increase to $3.03 billion and non-GAAP earnings of $6.20 per share, significantly exceeding estimates.Analysts upgraded 2026 revenue forecasts for SNDK by 38%, predicting $15 billion in sales, and raised the consensus price target by 62% to $676 due to AI-driven NAND flash demand and strong earnings performance.SNDK shares surged 5.35% in after-hours trading following the earnings report and an extended joint venture with Kioxia through 2034, ensuring supply stability in the NAND market amid tight conditions.

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