Cramer Tells Investors to Take Profits on SanDisk After Parabolic Run

Overview

• On his latest segments, Jim Cramer said SanDisk is “up huge, way too much for me,” reiterating prior advice to trim positions after the stock’s rapid climb.
• Cramer also said SanDisk faces a product shortage that “can’t be met,” underscoring reports of tight supply for NAND-based storage.
• Year to date, SanDisk shares are up 76% with gains of about 863% since March 2024, according to coverage cited by Yahoo Finance.
• Analyst enthusiasm remains strong, with Goldman Sachs raising its price target to $320 with a Buy rating and Benchmark lifting its target to $450 in mid-January.
• Recent commentary links SanDisk’s surge to AI data-center demand and pricing power in NAND, as others caution that the valuation looks stretched after the rally.