Where Will Sandisk Stock Be in 3 Years?
Sandisk is worth owning, but the stock is unlikely to keep climbing at its recent pace.
Overview
Things are going very well for Sandisk (NASDAQ: SNDK) and its shareholders. Soaring demand for memory from AI data centers has caused a shortage, driving memory prices much higher.
Sandisk's sales and earnings have skyrocketed as a result, sending the stock up 2,900% over the past year. Yes, you read that correctly: 2,900%.
Details
While there's likely more growth ahead for the stock as memory demand and prices continue to rise, it's unlikely that returns over the next few years will be anywhere near as impressive as those of the past 12 months. Here's why.
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.