SanDisk (SNDK) and Western Digital (WDC) both just received stock price forecast upgrades, both being the top memory chip stocks in 2026. Both stocks remain top picks on Wall Street, supported by tight supply conditions and an improving earnings outlook. As a result, Cantor Fitzgerald analyst C.J. Muse has raised the price targets for Western Digital and SanDisk, citing strong AI demand.

The analyst raised his price target on SanDisk to $1,400 (from $1,000) and on Western Digital to $500 (from $420), while maintaining Overweight ratings on both stocks. At press time, both SanDisk and Western Digital carry a Strong Buy consensus from analysts. SNDK has an average price target of $1,008.00, implying about 5% downside from current levels. Similarly, WDC’s average price target of $364.17 suggests roughly 10% downside, pointing to more limited near-term upside for both stocks despite their bullish ratings.

For SanDisk (SNDK), the analyst expects another strong beat and raise, driven by broad demand across hyperscale, consumer, and client markets. At the same time, tight supply is pushing prices higher, which is supporting earnings growth. In addition, 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.

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As for Western Digital (WDC), 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 above consensus expectations.

As the AI sector continues to dominate the finance news cycle in 2026, both Sandisk and Western Digital are seen as premier investment options. While semiconductors have been all the rage, SNDK and WDC both boast solid growth YTD, and are forecasted to continue that growth as the year progresses.