Core Viewpoint - SanDisk Corporation is highlighted as a strong investment opportunity, with Morgan Stanley raising its price target and maintaining an Overweight rating despite market concerns regarding memory stocks [1][2][3]. Financial Performance - SanDisk reported record revenue of $2.3 billion for FQ1 2026, reflecting a sequential increase of 21% and a year-over-year rise of 23% [4]. - Non-GAAP EPS increased significantly to $1.22, up from $0.29 in the previous quarter [4]. - The company reduced Inventory Days from 135 to 115, indicating improved inventory management [4]. - For FQ2, SanDisk projects revenue between $2.55 billion and $2.65 billion [4]. Market Sentiment - Morgan Stanley believes that the recent market reaction to increased capital spending and supply concerns is unwarranted and does not affect the fundamental positive outlook for the memory sector [2]. - Reports of tightening supply in memory chips are interpreted as a sign of strong future earnings for companies in this sector [2]. Company Overview - SanDisk Corporation specializes in the development, manufacturing, and sale of data storage devices and solutions utilizing NAND flash technology across various global markets [5].

Group 1 - SanDisk Corporation (NASDAQ:SNDK) is considered one of the best IPO tech stocks to buy, with Benchmark raising its price target to $85 from $70 while maintaining a Buy rating after a price increase announcement of over 10% on all products [1][3] - In FQ4 2025, SanDisk reported revenue of $1.901 billion, reflecting a 12% quarter-over-quarter increase and an 8% year-over-year increase. For FY2025, total revenue reached $7.355 billion, up 10% from FY2024 [2] - The revenue growth was driven by a mid-single-digit increase in both bit shipments and average selling prices. The data center business accounted for over 12% of total bits shipped, with cloud revenue at $213 million, a 25% year-over-year increase [3] Group 2 - SanDisk develops, manufactures, and sells data storage devices and solutions utilizing NAND flash technology across various regions including the US, Europe, the Middle East, Africa, and Asia [4]