{
  "id": 19733350,
  "title": "Sandisk Stock Is Back Above the $900 Price I Set for Buying It. Here's Why I'm Holding Off.",
  "url": "https://urgent.news/2026/11/12/sandisk-stock-is-back-above-the-900-price-i-set-for-buying-it-heres",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T23:41:02.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/11/12/sandisk-stock-is-back-above-the-usd900-price-i-set-for-buying-it-here-s-why-i-m-holding-off/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "Sandisk (SNDK) stock has surged to about $990, surpassing the $900 price point I had set for purchasing the shares. My rule was to refrain from buying if the stock price exceeded four years of earnings at the quarter's forecasted rate, which amounted to approximately $900 per share. As of Nov. 5, Sandisk closed at around $806 before experiencing a significant jump to $990 on Nov. 11 following CoreWeave's AI cloud provider's upgraded 2026 revenue forecast. Currently, the flash memory company is up about 23% since that Nov. 5 close. My rule stipulates that I should wait for a potential decline below $900 (or $112 after accounting for the eight-for-one stock split) before considering a purchase. While Sandisk's stock may appear undervalued on paper, I believe that a four-year earnings span is the maximum that a memory maker's profits can justify.",
  "summary": "Should a quick bounce change what I'm willing to pay for the same guided profits?",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}