Prediction: This Is What Sandisk Stock Will Be Worth in 12 Months
Key PointsWall Street is underestimating the upside potential of Sandisk.
Sandisk's shares have surged by 2,400% in the past year, driven by demand for its NAND flash storage products from AI data centers. Wall Street analysts predict the stock could jump another 26% from its current level, with a median price target of $2,200. However, The Motley Fool believes Wall Street has underestimated Sandisk's upside potential.
TrendForce forecasts the NAND flash industry's revenue will more than quadruple by 2026 to $271 billion and increase by another 40% in 2027 to $379.4 billion. Sandisk's revenue surged 372% year over year to $8.96 billion in fiscal Q4 2026, and non-GAAP earnings per share jumped 135x to $39.25. Analysts foresee the company's revenue increasing by 357% and EPS by 37x in the current quarter.
Sandisk expects its growth to continue in fiscal 2027, with a potential 142% jump in the top line. Even if earnings per share triple to $214.10, trading at 15 times earnings could still yield a 84% upside.
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