A妖 stock that surged 28x in a year—now it can’t drop anymore?
First, take a look at some numbers: At the beginning of 2026, Sandisk’s share price was still around $50. By the end of June, it surged to a historic high of $2,354—28x in one year. Now it’s at $1,485.
It jumped 35% in August, but over the most recent week it fell 7%. Technically, it has unusually issued a “sell” signal: the 50-day moving average is 1,614, and the current price has already fallen below it.
On the night of the hawkish speech by the Fed, storage stocks were wiped out—yet Sandisk actually closed flat at 1,484.98, with zero change. Is it truly resilient, or is it simply running out of steam?
Looking at the fundamentals, the case is solid: Latest quarterly revenue is $8.965 billion, net profit is $6.9 billion, and gross margin is 85%. Eight customers signed long-term deals, locking in through 2030. On Investor Day, the company set a flag: double-digit revenue growth by 2030, with 80% non-GAAP gross margin. And it also just officially announced plans with Kioxia to invest $31 billion in Japan—building through 2032.
But there’s also cold water: Morningstar directly issued a report saying it “remains skeptical about long-term targets.” Analysts are also divided: the average target price is 2,125, the highest is 3,600, and the lowest is only 1,000. And don’t forget Sandisk’s 52-week low of $48.56—meaning that after multiplying 28x in a year, even if it drops 50% from here, it would still be a “ten-bagger.”
Sandisk is currently in an awkward position: the story is still there, but the valuation has already priced in the future years ahead. A one-month rally of +35%, followed by a one-week brake of -7—so is this just a continuation of the uptrend, or the first scene of the妖 stock’s farewell? $SNDK
First, take a look at some numbers: At the beginning of 2026, Sandisk’s share price was still around $50. By the end of June, it surged to a historic high of $2,354—28x in one year. Now it’s at $1,485.
It jumped 35% in August, but over the most recent week it fell 7%. Technically, it has unusually issued a “sell” signal: the 50-day moving average is 1,614, and the current price has already fallen below it.
On the night of the hawkish speech by the Fed, storage stocks were wiped out—yet Sandisk actually closed flat at 1,484.98, with zero change. Is it truly resilient, or is it simply running out of steam?
Looking at the fundamentals, the case is solid: Latest quarterly revenue is $8.965 billion, net profit is $6.9 billion, and gross margin is 85%. Eight customers signed long-term deals, locking in through 2030. On Investor Day, the company set a flag: double-digit revenue growth by 2030, with 80% non-GAAP gross margin. And it also just officially announced plans with Kioxia to invest $31 billion in Japan—building through 2032.
But there’s also cold water: Morningstar directly issued a report saying it “remains skeptical about long-term targets.” Analysts are also divided: the average target price is 2,125, the highest is 3,600, and the lowest is only 1,000. And don’t forget Sandisk’s 52-week low of $48.56—meaning that after multiplying 28x in a year, even if it drops 50% from here, it would still be a “ten-bagger.”
Sandisk is currently in an awkward position: the story is still there, but the valuation has already priced in the future years ahead. A one-month rally of +35%, followed by a one-week brake of -7—so is this just a continuation of the uptrend, or the first scene of the妖 stock’s farewell? $SNDK