3 posts
SanDisk fell 11% the day Bernstein raised its target to $3,000. The four reasons good news became a sell signal, an 850% surge at a 77x P/E, Hynix-ADR premium erosion, and the WD overhang, plus the downside scenarios.
SanDisk (SNDK) posted +251% YoY revenue ($5.95B), 78.4% Non-GAAP GM, and $42B locked in via NBM multi-year contracts, sending shares +46.8% in 6 sessions post-earnings. We analyze the NBM model and our $1,800 12M PT.
₩1M put in last May would now be ₩33M. SanDisk (SNDK), the USB-stick maker, jumped +3,685% one year after its spin-off. AI giants pre-booked $42B of memory for five years and margins hit a record 78%. Here's what's happening, in beginner-friendly terms.