Prediction: Sandisk's Stock Price Will Hit This Level by the End of 2026

Sandisk (NASDAQ: SNDK) has acceptable the banal marketplace connected occurrence successful 2026, rising an unthinkable 166% arsenic of this writing, acknowledgment to red-hot request for the company's flash representation retention solutions utilized successful a assortment of applications.

A large crushed investors person been buying this semiconductor banal manus implicit fist of precocious is that it trades astatine an incredibly inexpensive valuation. Importantly, Sandisk's net maturation imaginable and the valuation marque it wide that it tin prolong its momentum successful 2026.

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Let's instrumentality a person look astatine the imaginable upside investors tin expect from Sandisk by the extremity of the year.

Sandisk makes flash-based information retention solutions for gaming consoles, idiosyncratic computers (PCs), laptops and notebooks, smartphones, tablets, and different applications. The institution experienced singular maturation crossed each its concern segments.

This explains wherefore its gross was up by 61% twelvemonth implicit twelvemonth successful fiscal 2026's 2nd 4th (which ended connected Jan. 2) to conscionable implicit $3 billion. More importantly, its net accrued by conscionable implicit 5x. The stunning maturation successful Sandisk's net is the effect of a terrible proviso shortage successful the NAND flash industry.

Artificial quality (AI) information centers person been consuming a important chunk of flash retention proviso to store monolithic datasets to enactment artificial quality (AI) workloads. At the aforesaid time, the mean retention successful generative AI-capable smartphones and PCs is rising. As a result, flash representation manufacturers, specified arsenic Sandisk, aren't capable to nutrient capable chips to fulfill end-market demand.

The proviso shortage has led to an astronomical summation successful flash retention prices. Sandisk pointed retired successful its January net telephone that its fabrication plants are moving astatine afloat capacity. However, the request for representation chips is truthful beardown that hyperscalers are consenting to wage a important premium to unafraid much retention capacity.

That's astir apt the crushed wherefore Sandisk volition reportedly treble the terms of its enterprise-focused 3D NAND solid-state drives successful the existent quarter. Given that the 2026 NAND flash manufacturing capableness is reportedly sold out, determination is simply a beardown anticipation of prices rising further. So, it is casual to spot wherefore the midpoint of Sandisk's fiscal Q3 net guidance of $13 per stock would beryllium a immense betterment implicit the year-ago nonaccomplishment of $0.30 per share.