Prediction: Sandisk's Stock Price Will Hit This Level by the End of 2026

By Harsh Chauhan – Feb 14, 2026 at 3:53PM ESTKey PointsSandisk has already registered triple-digit gains in 2026, and it can continue to soar thanks to its outstanding earnings growth potential.Sandisk's valuation suggests that the potential upside it could deliver hasn't been fully priced into the stock.These 10 Stocks Could Mint the Next Wave of Millionaires ›NASDAQ: SNDKSandiskMarket Cap$92BToday's Changeangle-down(-0.59%) $3.73Current Price$626.56Price as of February 13, 2026 at 4:00 PM ETSandisk's red-hot stock market rally seems here to stay thanks to the favorable dynamics of the flash storage market.Sandisk (SNDK 0.59%) has set the stock market on fire in 2026, rising an incredible 166% as of this writing, thanks to red-hot demand for the company's flash memory storage solutions used in a variety of applications. A big reason investors have been buying this semiconductor stock hand over fist of late is that it trades at an incredibly cheap valuation. Importantly, Sandisk's earnings growth potential and the valuation make it clear that it can sustain its momentum in 2026. Let's take a closer look at the potential upside investors can expect from Sandisk by the end of the year. Image source: Getty Images. Sandisk's catalysts are set to get stronger in 2026 Sandisk makes flash-based data storage solutions for gaming consoles, personal computers (PCs), laptops and notebooks, smartphones, tablets, and other applications. The company experienced remarkable growth across all its business segments. This explains why its revenue was up by 61% year over year in fiscal 2026's second quarter (which ended on Jan. 2) to just over $3 billion. More importantly, its earnings increased by just over 5x. The stunning growth in Sandisk's earnings is the result of a severe supply shortage in the NAND flash industry. Artificial intelligence (AI) data centers have been consuming a significant chunk of flash storage supply to store massive datasets to support artificial intelligence (AI) workloads. At the same time, the average storage in generative AI-capable smartphones and PCs is rising. As a result, flash memory manufacturers, such as Sandisk, aren't able to produce enough chips to satisfy end-market demand. The supply shortage has led to an astronomical increase in flash storage prices. Sandisk pointed out in its January earnings call that its fabrication plants are running at full capacity. However, the demand for memory chips is so strong that hyperscalers are willing to pay a significant premium to secure more storage capacity. ExpandNASDAQ: SNDKSandiskToday's Change(-0.59%) $-3.73Current Price$626.56Key Data PointsMarket Cap$92BDay's Range$586.37 - $661.5052wk Range$27.89 - $725.00Volume24MAvg Vol16MGross Margin34.81% That's probably the reason why Sandisk will reportedly double the price of its enterprise-focused 3D NAND solid-state drives in the current quarter. Given that the 2026 NAND flash manufacturing capacity is reportedly sold out, there is a strong possibility of prices rising further. So, it is easy to see why the midpoint of Sandisk's fiscal Q3 earnings guidance of $13 per share would be a vast improvement over the year-ago loss of $0.30 per share. Analysts expect Sandisk's earnings to jump to $39.45 in the current fiscal year from $2.99 per share in the previous one. The company is anticipated to sustain impressive momentum in the next fiscal year as well. Data by YCharts. The stock is likely to keep skyrocketing Sandisk has already delivered $7.55 per share in earnings in the first half of the current fiscal year. The consensus estimate for fiscal 2026 suggests that it could deliver another $31.90 per share in earnings in the second half of the fiscal year (which will end in June). Assuming Sandisk registers half of its $73.69 earnings per share target for fiscal 2027 in the first half of the next fiscal year (which will end in December 2026), its calendar 2026 earnings could land at $70.07 per share. Sandisk is currently trading at just 15 times forward earnings, a significant discount to the tech-laden Nasdaq-100 index's forward earnings multiple of 24.7. Even if it trades at 20 times earnings at the end of the year due to its accelerating growth, its stock price could jump to $1,401 (based on the $70.07-per-share earnings estimate). The multiple assumed is lower than the Nasdaq-100 index's forward price-to-earnings ratio (using the index as a proxy for tech stocks). The price target mentioned points to a 158% jump from current levels, though don't be surprised if it jumps higher if the market rewards it with a premium valuation. So, investors looking to buy an AI stock that's growing at a phenomenal pace and trades at an attractive valuation can still buy Sandisk, as its remarkable rally is here to stay in 2026.Read NextFeb 14, 2026 •By Harsh ChauhanShould You Forget Micron Technology and Buy This Artificial Intelligence (AI) Stock Instead?Feb 13, 2026 •By Harsh ChauhanWhere Will Sandisk Stock Be in 3 Years?Feb 12, 2026 •By Geoffrey SeilerWhy This Tech Stock's Recent Dip Could Be a Buying OpportunityFeb 12, 2026 •By Jennifer SaibilShould You Forget Nvidia and Buy These 2 Millionaire-Maker Stocks Instead?Feb 9, 2026 •By David Jagielski, CPACould Sandisk Stock Be the Next Nvidia?Feb 8, 2026 •By Geoffrey SeilerWhat Are 2 Great Tech Stocks to Buy Right Now?About the AuthorHarsh Chauhan is a contributing Motley Fool technology analyst covering semiconductors, consumer electronics, artificial intelligence, and software. Harsh previously worked as a journalist for CCN Markets covering crypto and macroeconomics, a contributor at Capital 10x covering metals, mining, and industrial stocks, and a research associate at Zacks Investment Research. He holds a bachelor’s degree in commerce from St. Xavier’s College in Kolkata, India.TMFTechJunk13X@techjunk13Stocks MentionedSandiskNASDAQ: SNDK$626.56 (0.59%) $3.73*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.