Sandisk (SNDK) shares have risen about 497% year to date as of October 13, 2026, and were trading at $1,416. The article says the stock could reach about $4,128 over the next year if demand for storage and memory keeps outpacing supply, based on a P/E of 19.2 applied to the $215 consensus fiscal 2027 earnings estimate. Revenue in the fiscal fourth quarter rose 51% sequentially to $9 billion, and management guided fiscal first-quarter 2027 revenue to $10.3-10.8 billion. Data center storage grew from roughly 12% to 38% of total bits shipped over the past year, and long-term agreements with eight customers are expected to cover more than half of fiscal 2027 bits. The article notes that storage pricing is cyclical and the market could assign a lower P/E, limiting the upside.
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