Wall Street analysts at Truist, Evercore, and J.P. Morgan have each reiterated buy ratings on CrowdStrike, Dell Technologies, and SanDisk, citing AI demand, platform consolidation, and a structural shift in the NAND memory market as long-term catalysts.
Wall Street analysts are expressing confidence in three technology stocks — CrowdStrike Holdings, Dell Technologies, and SanDisk — citing AI-related demand, platform consolidation, and structural shifts in memory markets as key drivers, according to rankings data from TipRanks.
Truist analyst Junaid Siddiqui reiterated a buy rating on CrowdStrike (CRWD) ahead of the company's fiscal second-quarter results, scheduled for release on August 26, and raised his price target to $245 from $187.50.
Siddiqui pointed to continued strength in Falcon Flex adoption and large deal activity as reasons for optimism following CrowdStrike's strong fiscal first-quarter performance and subsequent guidance raise. He also cited momentum across emerging products.
"We continue to view CrowdStrike as one of the primary beneficiaries of platform consolidation, though we expect investors to remain focused on competitive dynamics and whether current growth levels represent a new baseline or a period of demand acceleration," Siddiqui said.
Siddiqui ranks No. 226 among more than 12,400 analysts tracked by TipRanks, with ratings that have been profitable 80% of the time and an average return of approximately 40%.
On Dell Technologies, Evercore analyst Amit Daryanani reiterated a buy rating and raised his price target to $550 from $500. Shares of Dell have rallied 251% this year, driven by demand for AI servers.
Daryanani's thesis centers on Dell's Storage business, which he argues is underappreciated by investors focused on the company's AI compute segment. He estimates the Storage business accounts for roughly 10% of fiscal year 2027 revenue, but carries an operating margin in the low-20% range — significantly higher than the mid-single-digit margins on AI servers and the mid-teens margins on traditional servers.
Daryanani expects Storage demand to accelerate as enterprises move workloads back on-premises, and he identified three structural advantages: Dell's broad storage portfolio, the segment's higher margin profile relative to AI servers, and the ongoing shift toward proprietary software-defined storage and AI-focused platforms.
"We think DELL's storage business is becoming increasingly strategic as AI infrastructure deployments move beyond GPU procurement and toward full stack + AI-ready architectures," Daryanani said.
Daryanani ranks No. 19 among the more than 12,400 analysts tracked by TipRanks, with a 71% success rate and an average return of 38.70%.
J.P. Morgan analyst Harlan Sur resumed coverage of SanDisk (SNDK) with a buy rating and a price target of $2,250 following the company's 2026 Investor Day event, citing a structural inflection in NAND demand driven by AI inference workloads.
Sur highlighted three pillars underpinning his outlook. First, SanDisk's New Business Model framework — comprising eight signed long-term agreements representing a total contract value of $94 billion — carries a gross margin of approximately 80% even at floor pricing, reducing cyclicality in the company's revenue profile.
Second, Sur projects the total addressable NAND market will expand from roughly $70 billion in calendar year 2025 to over $300 billion in 2026 and approximately $500 billion in 2027, with data centers and hyperscaler flash deployments serving as the primary growth engine.
Third, Sur pointed to SanDisk's technology position, noting that its BiCS10 technology is sampling ahead of schedule and delivers 65% more bits per wafer than the prior BiCS8 generation. He also expects the company's High Bandwidth Flash to emerge as a differentiated memory platform for AI inference.
"Layered on top, mgmt's commitment to returning 100% of excess cash flow to shareholders should drive an aggressive share count reduction trajectory that further amplifies EPS growth on a per-share basis," Sur said.
Sur ranks No. 15 among the analysts tracked by TipRanks, with a 71% success rate and an average return of 43.20%.
The analyst calls come as investors weigh geopolitical uncertainty in the Middle East and elevated bond yields against continued enthusiasm for AI infrastructure spending — a backdrop that has sharpened attention on which technology companies carry durable growth profiles beyond near-term GPU demand.
Jay Goldberg is a staff writer at TechEchelon covering technology, markets, and policy. He files the breaking news and deal coverage that move the publication's core desks.
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