Prediction: Sandisk Stock Is Going to Hit $3,000 by the End of 2026. Here's the Math

1 month ago 18

Harsh Chauhan, The Motley Fool

Wed, July 15, 2026 astatine 7:07 AM CDT 5 min read

With shares up by 508% truthful acold successful 2026, Sandisk (NASDAQ: SNDK) has been 1 of the best-performing stocks connected the market. Its gains person been importantly higher than the 35% appreciation successful the Nasdaq-100 Technology Sector scale this year.

However, Sandisk banal has been nether unit lately. Its shares are down 28% from the 52-week precocious it reached conscionable past month. The banal is present trading astatine conscionable nether $1,700 arsenic of this writing, portion its 52-week precocious was conscionable supra $2,350. The caller sell-off successful this tech banal seems rather surprising, arsenic determination has been nary company-specific quality that should person ideally impacted Sandisk.

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The pullback tin beryllium attributed to profit-taking by investors. After all, Sandisk has delivered stunning gains since its spin-off from Western Digital successful February past year, and the caller sell-off successful AI stocks has astir apt encouraged investors to publication profits to sphere capital.

However, Sandisk's driblet should beryllium treated arsenic a buying opportunity, particularly considering that the banal could regain its mojo and interaction $3,000 by the extremity of the year. Let's spot wherefore that whitethorn beryllium the case.

Sandisk institution sanction successful achromatic font connected a reddish background.

Sandisk's net are expected to triple this twelvemonth

Sandisk's fiscal 2026 has conscionable ended, and analysts estimation that its net per stock jumped by a whopping 22x during the twelvemonth to $66.51. What's worthy noting is that Sandisk's adjusted net during the archetypal 9 months of fiscal 2026 stood astatine $31.32 per share. The institution guided for $31.50 successful net per stock for fiscal Q4 astatine the midpoint of its guidance range, which would bring its yearly net to $62.82 per share.

Analysts, therefore, are expecting a bigger leap successful Sandisk's net successful the precocious concluded quarter. It won't beryllium astonishing to spot the institution really unrecorded up to statement estimates oregon adjacent bushed them. I accidental this due to the fact that NAND flash prices are estimated to person risen by 75% 4th implicit 4th successful Q2. Assuming Sandisk's net summation by a akin fig sequentially, its bottommost enactment whitethorn person jumped to $40.97 per stock successful fiscal Q4 from $23.41 per stock successful fiscal Q3.

So, Sandisk could extremity up crushing Wall Street's expectations handsomely erstwhile it reports results adjacent month. Moreover, analysts expect a 213% summation successful Sandisk's net successful fiscal 2028 to $208.22 per share. But don't beryllium amazed to spot Sandisk doing amended than that. That's due to the fact that the NAND flash shortage is expected to persist until the extremity of the decade, fueled by the structural maturation successful representation spot demand.

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