Buy Sandisk Stock

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Buy Sandisk Stock

Is It Still Worth It To Buy Sandisk Stock?

Sandisk (SNDK) stock has gained 4500% upside in the last year. So, if someone had invested $10K into Sandisk stock, it would be worth $460,000 in just 12 months.

What's impressive is that such type of gains are not normally associated with blue-chip stocks. But the arrival of AI has changed everything and led to outsized gains like these.

Sandisk Stock Gained 4500% In Last Year

Now, some investors are thinking they have missed Sandisk's bullish run. However, analysts think more upside is ahead for the Sandisk stock.

If Sandisk stock manages to gain another 4500%, it would make it an $11.7 trillion company. The chances of that happening are very slim. But it doesn't mean Sandisk stock will just turn bearish and start trending lower. In fact, there's a solid chance that Sandisk stock could deliver reasonable gains this year.

Sandisk makes memory products and NAND memory in particular. This is used in SSDs, which are in high demand due to the AI data center build-out.

The demand for the memory is high while the supply remains weak. So, this has led to higher prices for the SSDs, and Sandisk is benefiting from it.

According to analysts, Sandisk's revenue growth in Q4 FY2026 will be 332%. For FY 2027, they are projecting a growth of 116%.

Based on the FY 2026 earnings forecast, Sandisk's future P/E is only 26. This means the Sandisk stock is not overvalued at all.

The only risk for the Sandisk stock is that the demand for storage and memory products decreases. Another scenario is that the supply catches up to the demand. In such a scenario, Sandisk's profits would return to normal levels, and this could lead to some major downside.

The bottom line is that Sandisk stock is still a very good option in 2026. However, investors should keep a close eye on the memory and storage market. Any sign of weak demand or high supply should be viewed as a sign to exit.

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