Goldman Sachs Hikes SanDisk Target to $2,200, Citing Surging Memory Demand

Goldman Sachs raised its 12-month price target for SanDisk (SNDK) to $2,200. The previous target was $1,200. The firm reiterated its Buy rating on the memory chip maker. This new valuation implies an 18% upside from the stock's early July closing price.

Analysts cited persistent supply constraints and high demand in the NAND flash market as primary growth drivers. SanDisk is also securing increased design wins for enterprise solid-state drives (eSSDs) with hyperscale customers. Goldman’s 2026 earnings per share estimate sits more than 30% above the Wall Street consensus.

SanDisk is currently the top-performing stock in the S&P 500 for 2026. The shares have gained over 700% year-to-date.