Sandisk (SNDK) Stock: Up 3,000% in a Year and Analysts Still See Upside
TLDR
- Sandisk stock rose 2.7% on Tuesday after Argus upgraded the stock from Hold to Buy
- Q4 EPS came in at $39.25, beating the $33.28 estimate, with revenue up 371.6% year over year to $8.96 billion
- Management guided Q1 2027 EPS of $44 to $46, with revenue expected between $10.3 billion and $10.8 billion
- The board approved a $14 billion share buyback program
- Consensus analyst rating is “Moderate Buy” with an average price target of $1,853.14
Sandisk (SNDK) stock jumped 2.7% on Tuesday after Argus upgraded the stock from Hold to Buy. The stock hit an intraday high of $1,287.04 before settling at $1,271.05, up from Monday’s close of $1,237.92.
The upgrade comes on the heels of a strong fiscal fourth quarter. Sandisk posted EPS of $39.25, well above the $33.28 consensus estimate. Revenue came in at $8.96 billion, up 371.6% year over year.
That kind of growth is hard to ignore. Datacenter revenue alone jumped 437% in fiscal 2026, driven by rising demand for high-capacity NAND storage as AI models scale up.
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