Why SanDisk Stock Is Soaring to a New All-Time High Today

SanDisk (NASDAQ: SNDK) banal is posting another time of beardown gains successful Wednesday's trading and has acceptable a caller all-time high. The company's stock terms was up 5.1% arsenic of 12:15 p.m. ET. Meanwhile, the S&P 500 was down 0.6%, and the Nasdaq Composite was disconnected 0.3%.

SanDisk is gaining crushed thanks to the work of a caller bullish expert note. The company's stock terms is apt besides getting a boost from caller probe covering the representation spot industry.

Missed Nvidia successful 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" awesome flashed for a little-known chipmaker called Nvidia. For the archetypal clip successful years, that aforesaid "Total Conviction" awesome is flashing for a institution 1/100th the size of Nvidia. Continue »

Morgan Stanley raises terms people connected SanDisk

Before today's marketplace open, Morgan Stanley published caller sum connected SanDisk and reiterated its overweight standing connected the stock. The concern steadfast besides raised its terms people connected the banal from $1,100 per stock to $1,750 per stock and cited the precise beardown request outlook successful the representation marketplace arsenic a cardinal crushed for the large people increase. As of this writing, SanDisk banal has really surpassed the concern firm's caller terms target.

This probe steadfast sees a bullish outlook for representation tech

After the marketplace closed yesterday, CounterPoint Research published a caller study connected the authorities of the NAND representation marketplace for artificial intelligence applications. While the probe steadfast said that Samsung continued to person enactment successful the class and that SK Hynix commanded second-place positioning, it listed SanDisk arsenic 1 of a fistful of companies credibly competing for the third-place spot. Even though SanDisk isn't presently starring the market, the beardown wide maturation outlook suggests the institution could inactive people large wins.

Should you bargain banal successful Sandisk close now?

Before you bargain banal in Sandisk, see this:

The Motley Fool Stock Advisor analyst squad conscionable identified what they judge are the 10 champion stocks for investors to bargain now… and Sandisk wasn’t 1 of them. The 10 stocks that made the chopped are built for semipermanent maturation and could nutrient monster returns successful the coming years.

Consider when Netflix made this database connected December 17, 2004... if you invested $1,000 astatine the clip of our recommendation, you’d person $449,393!* Or when Nvidia made this database connected April 15, 2005... if you invested $1,000 astatine the clip of our recommendation, you’d person $1,366,006!*

That show is wherefore radical listen. With a way grounds of beating the S&P 500 by astir 5x, Stock Advisor offers a chiseled advantage. Don't miss the latest apical 10 list, disposable with Stock Advisor, and articulation an investing assemblage built for the agelong haul.