Although SanDisk Corp. (NASDAQ: SNDK) stock is on track to post its first quarterly loss since Q3 2025 in Q3 2026, due to cooling demand for memory chips, Mark Newman, a Wall Street analyst at Bernstein, expects another rally towards a new peak over the next 12 months. 

Newman maintained a ‘Buy’ rating for SanDisk stock, according to a note sent to clients on September 29. He also reiterated the firm’s 12-month price target for SNDK at $3,000.

As SNDK’s price traded at approximately $1,709 on Tuesday, this analyst indicates a potential 75.54% upside over the next 12 months. 

This reaffirmation rests on the company’s superiority of the new agreements relative to prior arrangements and to those of…