SanDisk (SNDK) and Western Digital (WDC) each simply obtained inventory worth forecast upgrades, each being the highest reminiscence chip shares in 2026. Each shares stay prime picks on Wall Avenue, supported by tight provide situations and an enhancing earnings outlook. Consequently, Cantor Fitzgerald analyst C.J. Muse has raised the worth targets for Western Digital and SanDisk, citing sturdy AI demand.
The analyst raised his worth goal on SanDisk to $1,400 (from $1,000) and on Western Digital to $500 (from $420), whereas sustaining Obese scores on each shares. At press time, each SanDisk and Western Digital carry a Sturdy Purchase consensus from analysts. SNDK has a mean worth goal of $1,008.00, implying about 5% draw back from present ranges. Equally, WDC’s common worth goal of $364.17 suggests roughly 10% draw back, pointing to extra restricted near-term upside for each shares regardless of their bullish scores.
For SanDisk (SNDK), the analyst expects one other sturdy beat and lift, pushed by broad demand throughout hyperscale, shopper, and shopper markets. On the similar time, tight provide is pushing costs greater, which is supporting earnings progress. As well as, Muse believes SanDisk might quickly announce long-term provide agreements, just like these seen within the DRAM market. These offers might enhance pricing visibility and create a extra steady income base.
As for Western Digital (WDC), the analyst additionally expects a robust beat and lift, supported by strong nearline demand. Prospects are shifting towards higher-capacity merchandise, which helps drive pricing greater. Given bullish developments, the analyst raised his estimates to $14.7 billion in income and $12.55 EPS for 2026, and $18.2 billion and $18.50 for 2027, each above consensus expectations.
Because the AI sector continues to dominate the finance information cycle in 2026, each Sandisk and Western Digital are seen as premier funding choices. Whereas semiconductors have been all the craze, SNDK and WDC each boast stable progress YTD, and are forecasted to proceed that progress because the 12 months progresses.
