Prediction: Sandisk Stock Is Going to Hit $3,000 by the End of 2026. Here's the Math
Sandisk's earnings growth potential in the first half of the new fiscal year suggests its stock could reach new highs by the end of 2026.
Overview
With shares up by 508% so far in 2026, Sandisk (NASDAQ: SNDK) has been one of the best-performing stocks on the market. Its gains have been significantly higher than the 35% appreciation in the Nasdaq-100 Technology Sector index this year.
However, Sandisk stock has been under pressure lately. Its shares are down 28% from the 52-week high it reached just last month. The stock is now trading at just under $1,700 as of this writing, while its 52-week high was just above $2,350. The recent sell-off in this tech stock seems quite surprising, as there has been no company-specific news that should have ideally impacted Sandisk.
Details
The pullback can be attributed to profit-taking by investors. After all, Sandisk has delivered stunning gains since its spin-off from Western Digital in February last year, and the recent sell-off in AI stocks has probably encouraged investors to book profits to preserve capital.
Source
Originally published at www.fool.com.