SanDisk Corporation's stock has more than doubled since its relisting earlier this year, driven by bullish forecasts from analysts who expect significant earnings growth in the coming years. Mark Miller from Benchmark predicts adjusted earnings of $6.91 per share for 2026 and $10.26 for 2027, prompting multiple analysts, including those from Citi and Bank of America, to increase their price targets to $125. The surge is fueled by anticipated increases in NAND prices and growing demand from data centers, which now represent 12% of SanDisk's revenue, although investors are advised to approach with caution due to volatility.
“Sandisk · has gained · share price · more than doubling since its relisting earlier this year”
“Sandisk · is currently valued at · price-to-sales (P/S) ratio · 1.9x”
“SanDisk · compares favorably to · peer companies · trading at higher multiples”
“Sandisk · is estimated to be undervalued by · Discounted Cash Flow model · suggests it is also undervalued”
“Sandisk · is likely to be a · major beneficiary · as the memory storage industry is set to boost NAND prices in the fourth quarter”
“Benchmark analyst Mark Miller · upped his earnings forecast for · Sandisk · for 2026 and 2027”
“Mark Miller · now sees 2026 adjusted earnings of · Sandisk · $6.91 per share on $9.25B in revenue”
“Mark Miller · now expects Sandisk to earn · $10.26 per share on an adjusted basis and $10.2B in revenue · for 2027”
“Mark Miller · upped his price target on Sandisk to · $125 · from $85”
“Mark Newman · said · SanDisk Corp (NASDAQ:SNDK) is undervalued · true”
“SanDisk Corp (NASDAQ:SNDK) · spun out from · Western Digital · earlier in the year”
“SanDisk Corp (NASDAQ:SNDK) · is · a leading manufacturer of flash memory data storage · true”
