Micron seen up 53%, Sandisk 24% as analysts pick winner

Both Micron and Sandisk have delivered exceptional returns over the past year — 541% for Micron and 1,600% for Sandisk — as demand for memory in artificial intelligence data centers lifted the sector. Wall Street's median price targets now suggest the two may not move in lockstep going forward: Micron's target of $1,600 implies a 53% rise, while Sandisk's $2,200 target implies 24%.

The article attributes the difference to Micron's broader product mix and market position, noting its 15% share in NAND flash versus Sandisk's 11%, according to Counterpoint Research, and its growing role in another memory category where its share rose to 24% in Q2 from 22% in Q1. It also cites Deloitte's view that prices in that category could increase 4x in 2026, with new supply not expected until 2029 or 2030 — a backdrop the article says favors Micron over a pure-play NAND maker.

Whether those analyst targets are reached hinges on the same demand trend that has driven both stocks, and on whether Micron's share gains continue. For investors comparing the two, the gap between the projected upside figures — 53% and 24% — is the clearest signal the article offers about which stock Wall Street currently favors.