Jim Cramer Recommends Buying SanDisk Secondary After 1,300% Rally
Jim Cramer urged investors to buy SanDisk’s shares in its secondary offering, following a 1,300% six-month surge and 136% year-to-date rally. After SanDisk raised fiscal 2026 revenue guidance to $15.7B and EPS to $39.50, Bank of America lifted its price target to $850 and Barclays to $750.
1. Cramer’s Secondary Call
Jim Cramer recommended purchasing shares in SanDisk’s secondary offering, declaring “buy every share of Sandisk on that, secondary.” His endorsement highlighted confidence in the company’s near-term growth and aimed to capitalize on heightened market interest.
2. Rapid Share Gains and Upbeat Guidance
SanDisk’s stock has climbed more than 1,300% over the past six months and 136% year-to-date. The company boosted fiscal 2026 guidance, now expecting $15.7 billion in revenue and $39.50 in earnings per share, up from prior estimates of $10.9 billion and $16.21.
3. Analyst Target Increases
Following the earnings and revised guidance, Bank of America raised its price target on SanDisk to $850 from $390 while maintaining a Buy rating. Barclays also increased its target to $750 from $385 and kept an Equal Weight stance.