---
title: "SNDK: Another Doubling Opportunity? Targeting $1000"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39077544.md"
description: "After its spin-off listing, the stock price surged over 1000%, $Sandisk(SNDK.US) has long become a "phenomenal stock" in the memory track. However, this impressive performance is not the end. Against the backdrop of AI-driven explosive demand for memory and the company's entry into a super profit cycle, coupled with its current low valuation, SanDisk is expected to double again in the future, targeting $1000. This is also the guidance and expectation of many major institutions like UBS. From the profit perspective, SanDisk is ushering in an unprecedented profit cycle, with growth rates that can be described as "defying the heavens"..."
datetime: "2026-03-05T07:51:22.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39077544.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39077544.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39077544.md)
author: "[多知再行最后合一](https://longbridge.com/en/profiles/25247736.md)"
---

# SNDK: Another Doubling Opportunity? Targeting $1000

After its spin-off listing, the stock price has skyrocketed by over 1000%, and $Sandisk(SNDK.US) has long become a "phenomenal target" in the memory sector. However, this impressive performance is not the end. Against the backdrop of AI-driven explosive memory demand and the company entering a super profit cycle, coupled with its current valuation still being low, SanDisk is expected to double again in the future, aiming for $1,000, which is also the guidance and expectation of major institutions like UBS.

From a profitability perspective, SanDisk is ushering in an unprecedented profit cycle, with growth rates that can be described as "defying the heavens." The market expects the company's earnings per share (EPS) in 2026 to achieve a year-on-year growth of 1000%, and double again in 2027, with EPS expected to exceed $80. Institutions like Bernstein have even raised their 2027 EPS forecast to $90.96, far exceeding market consensus.

This growth is not a flash in the pan; behind it is the structural explosion of AI data center demand. The company's data center business grew 64% quarter-on-quarter, with its proportion increasing to 15%. Management has further raised the 2026 data center NAND demand growth rate forecast to over 60%, and the new AI system architecture will bring an additional 75-100EB of demand in 2027. Meanwhile, the company's gross margin continues to hit new highs, with Q3 Non-GAAP gross margin guidance as high as 65-67%, and is expected to reach a historical high of 74.9% in 2027. Cost reductions and product structure optimization continue to improve profit efficiency.

From a valuation perspective, SanDisk's current price is completely mismatched with its profit potential, placing it in a state of significant undervaluation. Based on a 2027 EPS of $81, if applying the reasonable valuation principle of PEG=1, the corresponding P/E ratio should match the 103% growth rate. However, the current market-implied P/E ratio is only about 7x, indicating a severe valuation discount.

Even using conservative calculations, with a P/E ratio of 12.5x, the target price would reach $1,012, highly consistent with UBS's $1,000 target. Considering a long-term growth rate of 20%, the target price under a 20x P/E ratio would be as high as $1,620. It is worth noting that SanDisk's current 2027 P/E ratio is only 5.9x, far below the average for tech stocks. Even compared to peers like Micron, its valuation is particularly attractive.

### Related Stocks

- [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md)
- [MU.US](https://longbridge.com/en/quote/MU.US.md)

## Comments (3)

- **顺创投资 · 2026-03-05T10:45:32.000Z**: Fiscal year 27 EPS will definitely exceed 100
  - **多知再行最后合一** (2026-03-06T01:21:47.000Z): $Wtree Us L-Cp Fund(EPS.US)
- **面壁计划2046 · 2026-03-05T09:05:19.000Z**: When will the stock split?