Sandisk: I See A Path To $1000 Based On 2027 EPS Forecasts (Rating Upgrade)

James FoordInvesting Group LeaderFollow5ShareSavePlay(6min)CommentsSummarySandisk Corporation stock has surged over 1000% post-spin, yet I see potential for the stock to double again within 18 months.Based on 2027 EPS forecasts and reasonable P/E multiples, SNDK’s fair value could exceed $1000, aligning with UBS targets.Technicals indicate a bullish consolidation; $480–$500 is a strong support and presents an attractive entry point.Risks include execution uncertainty, high expectations, and potential volatility if support fails, but valuation and secular trends remain compelling.This idea was discussed in more depth with members of my private investing community, The Pragmatic Investor. Learn More » Gizem Gecim/iStock via Getty Images Thesis Summary Sandisk Corporation (SNDK) has taken the market by storm, staging a face melting 1000% rally. But the way I see it, this stock could quite easily double in the next 18 months, with $1000 aThis article was written byJames Foord27.3K FollowersFollowJames Foord is an economist by trade and has been analyzing global markets for the past decade. He leads the investing group The Pragmatic Investor where the focus is on building robust and truly diversified portfolios that will continually preserve and increase wealth.

The Pragmatic Investor covers global macro, international equities, commodities, tech and cryptocurrencies and is designed to guide investors of all levels in their journey. Features include a The Pragmatic Investor Portfolio, weekly market update newsletter, actionable trades, technical analysis, and a chat room. Learn more.Analyst’s Disclosure: I/we have a beneficial long position in the shares of SNDK, MU either through stock ownership, options, or other derivatives. 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.