Zacks Sees Sandisk Offering 135% Upside, Outpacing NVIDIA's 61%

3 articles · Updated · Zacks Investment Research · Aug 2

Sandisk’s average short-term price target implies 135.2% upside from its $1,015.89 close, versus 61% for NVIDIA from $190.01, leading Zacks to favor the smaller AI memory stock.
That call rests on Sandisk’s faster near-term momentum: fiscal third-quarter 2026 revenue jumped 97% sequentially to $5.95 billion, with fourth-quarter revenue guided to $7.75 billion-$8.25 billion and EPS to $30-$33.
NVIDIA still posted stronger absolute scale, with fiscal first-quarter 2027 revenue of $81.6 billion, up 85% year over year, and record data-center sales of $75.2 billion as it guided next-quarter revenue to about $91 billion.
Investor expectations and constraints are weighing on NVIDIA’s stock despite that growth, with shares up just 4.9% this year as export curbs to China and supply-chain risks cloud further expansion.
Sandisk shares have already surged 457.4% in 2026, and Zacks said AI-memory demand plus multi-year customer agreements could keep extending gains even as both stocks carry a Zacks Rank #1.