We recently compiled a list of the 10 Stocks End With Solid Performance. In this article, we are going to take a look at where Sandisk Corporation (NASDAQ:SNDK) stands against the other stocks.

The stock market ended the trading week in the green territory with all major indices recording gains as investors digested latest US jobs data which fell short of expectations.

The tech-heavy Nasdaq posted the largest gain with 0.70 percent, followed by the S&P 500 with 0.55 percent, and the Dow Jones by 0.52 percent.

Ten companies across mixed sectors also mirrored a broader market optimism, booking modest gains during the end of the trading week. In this article, we have named the 10 top performers on Friday and detailed the reasons behind their performance.

To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

An executive in a suit checking a bank of computers symbolizing the technology of the financial services industry.

Sandisk Corporation (NASDAQ:SNDK)

Sandisk Corporation (NASDAQ:SNDK) grew its share prices by 9.68 percent on Friday to close at $51 apiece as investors took path from an upgraded rating from a financial services firm.

On Friday, Cantor Fitzgerald assigned an “overweight” rating and a price target of $60 on Sandisk Corporation (NASDAQ:SNDK) on the back of positive factors, including a projected recovery in the NAND market in the second half of the year, a strong balance sheet, and robust free cash flow generation facilities.

Meanwhile, its price target represents a 17.6-percent upside from its latest closing price.

Earlier last week, Sandisk Corporation (NASDAQ:SNDK) also earned an upgraded rating from Morgan Stanley, giving the company an $84 price target and an overweight rating.

Morgan Stanley’s price target represents a 64 percent increase from Sandisk Corporation (NASDAQ:SNDK)’s Friday price.

Overall SNDK ranks 6th on our list of Friday's top performers. While we acknowledge the potential of SNDK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SNDK but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

 

Disclosure: None. This article is originally published at Insider Monkey.