Analyst C.J. Muse of Cantor Fitzgerald has raised price targets for memory chip stocks SanDisk (SNDK) and Western Digital (WDC), citing strong AI demand and tight supply conditions. The analyst’s targets are $1,400 for SanDisk and $500 for Western Digital, both significantly above their respective average analyst targets. This move underscores the firms’ status as top Wall Street picks, driven by expectations of earnings beats and improved pricing visibility from potential long-term supply agreements.
Top memory chip stocks SanDisk and Western Digital received stock price forecast upgrades, supported by tight supply and an improving earnings outlook. Cantor Fitzgerald analyst C.J. Muse raised his price target on SanDisk to $1,400 and on Western Digital to $500, maintaining Overweight ratings. Both stocks carry a Strong Buy consensus from analysts, though their average price targets suggest limited near-term upside.
For SanDisk, the analyst expects another strong beat and raise, driven by broad demand across hyperscale, consumer, and client markets. Tight supply is pushing prices higher, which supports earnings growth. Muse believes SanDisk could soon announce long-term supply agreements, similar to those seen in the DRAM market. These deals could improve pricing visibility and create a more stable revenue base.
As for Western Digital, the analyst also expects a strong beat and raise, supported by robust nearline demand. Customers are shifting toward higher-capacity products, which is helping drive pricing higher. Given bullish trends, the analyst raised his estimates to $14.7 billion in revenue and $12.55 EPS for 2026, and $18.2 billion and $18.50 for 2027. Both figures are above consensus expectations.
As the AI sector dominates the finance news cycle in 2026, both Sandisk and Western Digital are seen as premier investment options. While semiconductors have been popular, both stocks boast solid growth year-to-date and are forecasted to continue that growth.
