"SNDK is up 17.6% in the past week, 72.59% over the past month, and 361.92% year to date. Q3 FY2026 revenue of $5.95 billion beat estimates by 25.68% and grew 251.03% year over year."
"Management has stated 'demand for our NAND products continued to outpace our supply, a dynamic we expect to persist through the end of calendar year '26 and beyond.'"
"CEO David Goeckeler noted AI infrastructure spend 'expected to surpass $1 trillion by 2030,' indicating the datacenter's growing importance in the NAND market."
SanDisk's stock has experienced a dramatic increase from $32.11 to $1,096.51, reflecting a 3,314.86% gain. The price target is set at $1,025.88, slightly below current levels. Key factors for potential growth include continued demand for NAND products, the expansion of datacenter revenue, and strong Q3 FY2026 performance. Risks include the cyclical nature of NAND pricing. The bull case suggests a potential price of $1,200 or more, driven by tight supply and significant AI infrastructure spending.
Read at 24/7 Wall St.
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