SanDisk Has Run Hot, The Price Target Carries a Warning

Quick Read

• SanDisk (SNDK) earns a SELL astatine 90% confidence, with a $1,755 terms people sitting 23% beneath the stock's existent $2,274 price.

• SanDisk surged 4,781% implicit the past year, driven by 251% gross maturation and 645% datacenter gains successful Q3 FY26.

• A monthly RSI of 99 and CTO Alper Ilkbahar selling shares adjacent $1,755 awesome the banal has outrun its fundamentals.

• Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and SanDisk didn't marque the cut. Grab the names FREE today.

Our 24/7 Wall St. terms people for SanDisk (NASDAQ:SNDK) is $1,755.72, which sits astir 22.78% beneath wherever the banal trades today.

After a 857.84% year-to-date run, the NAND shaper has lapped astir each expert connected the Street, and our proprietary exemplary present signals that hazard and reward person inverted. Our proposal is sell, with precocious assurance astatine 90%.

24/7 Wall St. Price Target Summary

Why We Could Be Wrong

Before going further, I should emblem that SanDisk has been 1 of the astir divisive stocks successful the market. Real upside could travel from a structural NAND shortage that Goldman Sachs projects done 2028, oregon from the company's 5 signed multi-year New Business Model contracts that fastener successful pricing. Treat our 24/7 Wall St. terms people arsenic 1 datapoint among many. A afloat bull lawsuit appears below.

From $41 to $2,273 successful Ten Months

SanDisk filed its Q4 FY25 results connected August 14, 2025 astatine $41.55 a share. It present trades astatine $2,273.73, up 53.77% successful the past period unsocial and 4,781.34% implicit the past year.

Q3 FY26 was the catalyst: gross of $5.95 cardinal grew 251% twelvemonth implicit year, EPS of $23.41 bushed statement by 59.67%, and gross borderline expanded to 78.4% from 22.5% a twelvemonth earlier. Datacenter gross surged 645% twelvemonth implicit year.

Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and SanDisk didn't marque the cut. Grab the names FREE today.

The banal is present 20% disconnected its $2,191.69 precocious aft retail enthusiasm cooled from precise bullish Reddit sentiment scores of 82 to 85 successful mid-June to neutral readings this week.

The Case for $2,200 and Higher

Mizuho lifted its people to $2,200 with an Outperform rating, and Bank of America's Wamsi Mohan raised his people to $2,100 from $1,550, citing representation pricing spot done 2027. Bulls constituent to Q4 FY26 guidance for gross of $7.75 cardinal to $8.25 cardinal and non-GAAP EPS of $30 to $33.

Zero semipermanent debt, a freshly authorized buyback, and CEO David Goeckeler's framing of a "fundamental inflection point" enactment a bull lawsuit wherever SanDisk holds adjacent existent levels. Our model's bull script lands astatine $2,291.74.