Mar. 17, 2026 11:16 PM ETSandisk Corporation (SNDK) StockMU, HBM, HBM:CA, MU:CATaha Gondal148 FollowersCommentsSummarySandisk Corporation has surged 668% in six months, driven by AI-fueled NAND flash demand and robust earnings momentum.SNDK's gross margins have soared above 50%, with management guiding for 65–67% next quarter and highlighting multi-year customer agreements for demand visibility.Consensus FY2027 EPS of $86 positions SNDK at 7.7x earnings, supporting a defensible $750–$850 price target despite recent stock run-up.Risks include cyclical memory dynamics, potential supply catch-up, and execution challenges, but SNDK's fundamentals and AI-driven storage demand remain compelling.Getty ImagesElevator ThesisSandisk Corporation (SNDK), another memory giant like Micron (MU), has enjoyed a monumental run on the stock market over the past year.For some color, as per Seeking Alpha, the stock is trading at $661.62This article was written byTaha Gondal148 FollowersI’m an ACC-qualified finance professional with a Master’s in Audit & Accounting from Istanbul University and certificates in Data Analytics from Coursera. For over two years, I’ve worked as a Data Scientist and Financial Analyst at a leading property management firm in Istanbul, where I developed budgets, set targets, and applied data-driven insights to maximize profitability. My expertise spans financial modeling, market analysis, and investment research, including hands-on experience in stocks and cryptocurrency. Through concise, conversational writing, I now share these insights to help readers make smarter financial and investment decisions.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Comments