Up More Than 3,400% in the Past 12 Months, Here's Why Sandisk's Stock Could Still Go Higher
Sandisk recently unveiled a long-term guidance which appears to have investors bullish on its stock again.
Overview
Did you know that memory stock Sandisk (NASDAQ: SNDK) has been the top performer in the S&P 500 index this year, by a wide margin? Entering trading this week, it was up over 600% and far ahead of the next-best stock, Dell, whose gains are less than 300%.
It's been a remarkable run for Sandisk as it has soared over 3,400% in just the past 12 months. The company has grown significantly due to artificial intelligence (AI)-fueled demand for its memory and storage products. And for growth investors, there may be reason to remain bullish on the stock following the tech company's long-term forecast.
Image source: Getty Images.
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Originally published at www.fool.com.
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