The Next Breakout For This Tech Stock Could Be Hiding in Plain Sight

SanDisk (NASDAQ:SNDK) went from $40.69 a twelvemonth agone to a highest of $1,991.55 successful June, earlier pulling backmost to $1,212.21. Our 24/7 Wall St. terms people for SanDisk is $1,882.90, implying 55.33% upside implicit the adjacent 12 months. This is simply a bargain with precocious conviction.

24/7 Wall St. Price Target Summary

A Pullback Inside a Historic Run

SanDisk is up 2,879% implicit the past twelvemonth and 410% twelvemonth to date, yet slipped 29.82% successful the past month.

That drawdown coincided with the fiscal Q4 study connected August 5, 2026, wherever non-GAAP EPS of $39.25 bushed statement of $33.28 by 17.94% and gross jumped 371.6% YoY to $8.965 billion. The marketplace locked successful gains connected a grounds quarter.

Datacenter conception gross grew 437% for the afloat year, and the committee authorized an further $14 cardinal buyback connected a zero semipermanent indebtedness equilibrium sheet.

Why Bulls See a Breakout Ahead

The bull thesis centers connected datacenter premix shift. Datacenter gross climbed from $269 cardinal successful Q1 FY26 to $2.977 cardinal successful Q4. CEO David Goeckeler described this arsenic a "fundamental inflection point" and signed 5 further New Business Model agreements since April.

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Q1 FY27 guidance calls for gross of $10.30 cardinal to $10.80 cardinal and EPS of $44 to $46. Management flagged an emerging Key Value Cache accidental that could adhd 75 to 100 further exabytes of 2027 demand, not baked into guidance. Wall Street statement sits astatine $2,116.64, and our bull lawsuit points to $2,436.15.

What Could Go Wrong

NAND is cyclical. Reddit chatter leaned bearish connected DUV lithography concerns and representation assemblage rotation, with put/call ratios elevated astatine 5.49 for September 11 and 3.10 for January 2027. SanDisk relies connected its Kioxia associated venture, and tariff hazard remains.