Micron Stock vs. Sandisk Stock: One Is a Much Better Buy, According to a Wall Street Analyst
CJ Muse at Cantor Fitzgerald values Micron at $700 per share and Sandisk at $1,800 per share, implying 29% and 52% upside, respectively. Micron and Sandisk have seen significant price appreciation due to the proliferation of artificial intelligence.
Micron Technology and Sandisk have seen their share prices increase 571% and 3,350% in the past year due to the growth of artificial intelligence. CJ Muse at Cantor Fitzgerald says both stocks remain undervalued, with target prices implying 29% and 52% upside for Micron and Sandisk, respectively. Micron manufactures memory chips and storage products, with its HBM3E being the fastest and highest-capacity HBM on the market. Sandisk develops storage devices based on NAND flash memory and is gaining market share due to a joint venture with Kioxia. Both companies reported impressive financial results, with Micron's revenue increasing 196% to $23.8 billion and Sandisk's revenue increasing 251% to $5.9 billion. However, memory chip sales are cyclical, and the industry may eventually experience a supply glut, affecting prices and earnings.
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