SanDisk (SNDK) Stock Is Up 480% This Year — And Cramer Says It’s Not Done

TLDR

• SanDisk (SNDK) rose 9.64% Tuesday, extending a 480% year-to-date gain, after Jim Cramer made bullish comments on X
• Cramer called SNDK and Oracle the “tells of this market” and said memory stocks “have to go to a higher place”
• Western Digital (WDC) and Seagate (STX) also rallied, up 5.34% and 4.87% respectively on the day
• Cantor Fitzgerald raised its SNDK price target to $1,400 and Morgan Stanley lifted theirs to $1,100, both with Overweight ratings
• Micron (MU) jumped 12.09% and hit a new all-time high, even though Cramer did not mention it directly

Jim Cramer sent memory stocks higher on Tuesday after posting bullish comments about the sector on X.

Sandisk Corporation, SNDK

SanDisk stock was trading up 9.64% on Tuesday. The stock has now gained 480% year-to-date and is up over 3,600% in the past 12 months.

The tightness Cramer refers to spans consumer, enterprise, and hyperscale markets — a broad squeeze that is pushing prices higher across the board.

Wall Street Had Already Taken Notice

The Cramer comments came shortly after two major banks updated their price targets on SNDK.

On April 27, Cantor Fitzgerald raised its price target to $1,400 from $1,000, keeping an Overweight rating. The firm said SanDisk was set to deliver a beat-and-raise quarter.

Morgan Stanley also lifted its target that same day, moving to $1,100 from $690 while maintaining its Overweight rating. The bank said maximum AI investment should continue to benefit the company.

Both firms pointed to tight NAND capacity as a key driver for SanDisk’s performance.

The Broader Memory Rally

The move in SNDK was not happening in isolation. Other memory and storage names caught a bid as well.

Western Digital (WDC) rose 5.34% on Tuesday, building on a 170% year-to-date gain. Seagate (STX) climbed 4.87%, extending its own 181% year-to-date rise. STX is up over 686% in the past 12 months.

Oracle (ORCL), also named by Cramer, gained 1.16% on the day, though it remains down 5.85% for the year. It has gained 22% over the past 12 months.

Micron (MU) was another standout, even without a Cramer mention. MU rose 12.09% on Tuesday and hit a new all-time high. The stock is up 126% year-to-date and has climbed 616% over the past 12 months.

The rally across these names reflects continued investor appetite for memory and storage exposure as AI infrastructure spending stays elevated.

SanDisk’s year-to-date gain of 480% makes it one of the strongest performers in the market in 2026.

The post SanDisk (SNDK) Stock Is Up 480% This Year — And Cramer Says It’s Not Done appeared first on CoinCentral.