I Think Sandisk Stock Will Be in the Low $2,000s in 2030. From About $1,790, That Wouldn't Beat the Market.
Management's latest model implies massive free cash flow by fiscal 2030 -- from a company that lost money in both fiscal 2024 and fiscal 2025.
Overview
Shares of Sandisk (NASDAQ:SNDK) have risen about 650% in 2026 and trade close to $1,790 as I write this. A rally like that shifts the discussion to what the business could be worth years from now.
Management has put its own answer in writing. At its investor day in August, Sandisk set out a model spanning fiscal 2028 through fiscal 2030 -- and taken at face value, it depicts an exceptionally profitable company.
Details
But the model lives in the memory business, where Sandisk's gross margin was about 16% as recently as fiscal 2024 (the 12 months ended June 2024).
Source
Originally published at www.fool.com.
Related Articles
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.