Wall Street Sees 22% Sandisk Downside After 4,800% Stock Surge
Updated
Updated · The Motley Fool · Jun 20
Wall Street Sees 22% Sandisk Downside After 4,800% Stock Surge
2 articles · Updated · The Motley Fool · Jun 20
Summary
Sandisk’s median analyst target stands at $1,702 a share versus a current $2,185, implying 22% downside even after the stock’s more than 4,800% run over the past year.
28 analysts are split by how durable the rally is: Susquehanna sees 49% upside at $3,250, while Morningstar and RBC target $1,000, or 54% downside.
NAND prices nearly doubled in the first quarter and tripled over the past year amid an AI-driven supply shortage, helping Sandisk’s fiscal third-quarter sales jump 251% to $5.9 billion and adjusted EPS swing to $23.41 from a $0.30 loss.
Bears say those gains reflect another commodity-memory boom rather than a lasting edge, noting Sandisk only held market share and analysts expect the cycle to turn down in 2029.
Sandisk argues five new multiyear supply deals with hyperscalers make this cycle more predictable, but consensus still sees 70 times earnings as expensive despite projected 25% annual earnings growth through fiscal 2029.