Could Sandisk Stock Double in Value in 12 Months?
Sandisk's growth has been incredible, and it still trades at a modest valuation.
Overview
The past year has been a tremendous one for Sandisk (NASDAQ:SNDK), as it has rallied an incredible 1,200%. But at $250 billion in market cap, it's still not among the top tech companies in the world in terms of valuation.
Sandisk's stock has been taking a breather in recent months as it's down around 27% from the high of $2,354 that it hit earlier this year. With a reduced valuation and plenty of growth opportunities due to the ongoing memory shortage, could the tech stock double in value within the next 12 months?
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.