Bernstein Sets $3,000 Price Target for SanDisk Stock

Bernstein has issued a bullish $3,000 price target for SanDisk (SNDK), representing a potential 70% return. Managing Director Mark Newman cited the company's low downside risk, strong multi-year earnings potential, and $94 billion in NBM agreements with hyperscalers as key drivers. These commitments cover nearly 60% of projected revenue for FY27/28, positioning the company to benefit from sustained demand for AI products and enterprise SSDs.