Quick Read – SNDK surged 642% year to date to $1,761, yet 24/7 Wall St. issues a SELL with a $1,453 price target. – At a forward P/E of 57, SNDK’s bear case targets $1,027 if NAND pricing rolls over, which would represent a 42% drop. – Act now: the analyst who called NVIDIA in…
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After a vertical run that has minted one of the most extraordinary rallies of this cycle, the real question for SanDisk (NASDAQ:SNDK) is whether the price has finally outrun the fundamentals. Our 24/7 Wall St. price target for SanDisk is $1,453.48, which sits below the current quote of $1,761.43 and implies a 17.48% downside over the next 12 months. Our recommendation is sell, with a confidence level of 90%.
Why We Could Be Wrong Before going further, the 24/7 Wall St. price target of $1,453.48 sits well below where SanDisk trades today, and that gap deserves humility. SanDisk is one of the most divisive stocks on NASDAQ right now, and real upside could come from a structural NAND shortage extending past 2028 or from BiCS8 ramping faster than guidance suggests. Treat our number as one datapoint among many.