Sandisk Stock Predicted to Hit $3,211 in 12 Months — SkimNews
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- Sandisk stock has surged 2,400% over the past year as of September 6, 2026, driven by AI data center demand for its NAND flash storage products.
- Wall Street analysts set a 12-month median price target of $2,200 for Sandisk, with 25 of 31 analysts rating it a buy—suggesting 26% upside from current levels.
- Sandisk's fiscal Q4 2026 revenue (year ended July 3) jumped 372% year-over-year to $8.96 billion, with non-GAAP EPS soaring 135x to $39.25 amid supply-constrained NAND pricing.
- The company guides for $10.3-$10.8 billion in current-quarter revenue (357% YoY at midpoint) and $45.00 EPS, signaling exponential growth is continuing.
- TrendForce projects NAND flash industry revenue will nearly quadruple to $271 billion in 2026, then climb another 40% to $379.4 billion in 2027.
- Samsung and SK Hynix have cut NAND wafer production to prioritize higher-margin high-bandwidth memory, with their combined NAND output falling from 2024 levels according to Omdia data—a dynamic the analyst argues could keep the market undersupplied even in 2027.
- The Motley Fool analyst projects Sandisk at $3,211 over 12 months—84% upside—if fiscal 2027 EPS triples to $214.10 and the stock trades at 15x earnings, a steep discount to the S&P 500's 21x forward multiple.
Why it matters: Sandisk investors face a high-conviction call: the 84% upside to $3,211 hinges on Samsung and SK Hynix sustaining NAND production cuts through 2027 to chase HBM margins. With shares down 25% from their 52-week high and TrendForce forecasting NAND revenue nearly quadrupling to $271 billion in 2026, buyers betting against a supply glut stand to capture outsized gains in a market where just two players control 47% of supply.
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