Company Overview - Sandisk Corporation (NASDAQ:SNDK) has shown significant stock market performance, with an increase of 863% since March 2024 and a year-to-date rise of 76% [2]. Analyst Insights - Benchmark raised the share price target for Sandisk Corporation from $260 to $450, maintaining a Buy rating, citing optimism due to the capacity in the NAND market [2]. - Analysts believe Sandisk Corporation could benefit from a deliberate expansion in memory capacity, contrasting with previous cycles that led to oversupply [2]. Market Commentary - Jim Cramer has frequently discussed Sandisk Corporation, advising viewers to sell the stock to take profits due to its substantial price increase [2]. - Cramer highlighted that Sandisk is facing a product shortage that cannot be met, contributing to its stock performance [3].
Sandisk (SNDK) is Facing a Shortage That Can’t Be Met, Says Jim Cramer