Tech
Sandisk Stock Is Up More Than 5,900% Since It Spun Off From Western Digital. Is It Too Late to Buy?
— Ai Summary —
SanDisk’s stock has surged since its February 2025 spin-off from Western Digital, closing around $2,184.75 after debuting near $36 on its first day. The rally reflects AI-driven tailwinds for NAND flash memory and enterprise SSDs, driven by hyperscalers, tight supply, and a long lag to add capacity. Twenty-one Wall Street analysts cover SNDK, with 86% rating a buy, while price targets exceed $2,200 from Barclays, Susquehanna, and Mizuho; the average target sits around $1,863. The stock’s forward P/E remains above 33, highlighting a rich valuation as investors weigh the durable growth of AI infrastructure against potential multiples contraction.
AI-generated summary • Source: The Motley Fool • Read the full article for complete information.
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