SanDisk Could Have a Much Bigger Opportunity Than Investors Expect

SanDisk (NASDAQ: SNDK) is getting a notably cautious-to-positive outlook in a 24/7 Wall St. analysis that sets a $1,547.70 price target versus a current trading price of $1,777.80, implying about 12.94% downside. The model rates the stock as a “hold” with high confidence, noting that SanDisk’s new business model includes NAND revenue expected to total at least $93.9 billion even at floor pricing. Management also expects the NAND market to approach $500 billion in revenue in calendar year 2027. The company reported fiscal Q4 revenue of $8.965 billion on Aug. 5, up 371.6%, and non-GAAP EPS of $39.25.