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Prediction: This Is What Sandisk Stock Will Be Worth in 12 Months
Yahoo Finance • • business
Key Points:
- Sandisk (NASDAQ:SNDK) stock has surged 2,400% over the past year, driven by strong demand for its NAND flash storage products used in AI data centers, with expectations for continued growth.
- Wall Street analysts set a 12-month median price target of $2,200 for Sandisk, implying a 26% upside, though some believe the company’s growth potential is underestimated given the expanding NAND flash market.
- Sandisk reported a 372% year-over-year revenue increase to $8.96 billion in fiscal Q4 2026 and projects further revenue and earnings growth in the current quarter, indicating sustained exponential growth.
- Despite forecasts of potential NAND flash oversupply in late 2027, production cuts by major manufacturers Samsung and SK Hynix could maintain market undersupply, supporting Sandisk’s growth prospects.
- Sandisk’s shares have pulled back 25% from recent highs, presenting a buying opportunity, with some analysts projecting the stock could reach $3,211 within 12 months, representing an 84% potential gain.
