Down 23%, Should You Buy the Dip on Sandisk Stock?
The NAND supplier just delivered record results, and the pullback leaves the stock at a single-digit forward multiple.
Overview
Sandisk (NASDAQ: SNDK) looks worth buying after its recent pullback, even though the memory and storage industry can be cyclical. The stock is down 23% from its June 2026 high of $2,354, despite a fiscal fourth-quarter report that showed revenue surging 372% year over year.
The pullback may be setting up the next leg higher as data center storage demand accelerates.
Image source: Getty Images.
Details
Source
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.