SanDisk SNDK shares have been melting larger over latest months as its function within the broader AI frenzy lastly comes into focus. The inventory is up greater than 170% simply over the past three months, by far reflecting one of many strongest strikes we’ve seen over the interval.
Picture Supply: Zacks Funding Analysis
AI is driving an enormous surge in storage demand, which is the place SanDisk is available in. NAND costs are rising quickly, with AI information facilities and cloud suppliers needing extra high-speed storage.
Importantly, the inventory is on the reporting docket this week, serving to headline a jam-packed week of earnings general.
SanDisk Expectations Soar
SanDisk’s EPS outlook has shifted notably bullish over latest months, touchdown the inventory right into a present Zacks Rank #1 (Sturdy Purchase). The outlook for the upcoming launch has shifted notably bullish, with the present $3.54 Zacks Consensus EPS estimate up greater than 70% for the reason that starting of final November.
Income expectations have adopted the same bullish path, as seen under.
Picture Supply: Zacks Funding Analysis
The corporate’s top-line acceleration is clear within the quarterly chart under, the place gross sales of $2.3 billion climbed 22% year-over-year in its newest interval. Its present fiscal 12 months (ends in June) has additionally confirmed the favorable demand backdrop, with the present $11.2 billion estimate up practically 20% over the past 12 months.
Picture Supply: Zacks Funding Analysis
Nonetheless, buyers ought to pay attention to the steep volatility we’ll seemingly see following the upcoming launch. A weak report/steerage would simply skew sentiment, although it’s value noting that valuation multiples aren’t stretched to excessive ranges by any means, even after the huge run. Shares at the moment commerce at a 22.8X ahead 12-month earnings a number of, properly under the 2025 excessive of 42.1X.
Placing Every little thing Collectively
A extremely favorable demand atmosphere, pushed by the AI frenzy, has positioned SanDisk SNDK in a notably sturdy place. The corporate might be originally of an enormous progress section, with its storage options a key enabler for AI programs. Present consensus expectations for its present fiscal 12 months allude to a 50% gross sales progress surge on 450% larger EPS, underpinning the favorable story.
The inventory has jumped to a Zacks Rank #1 (Sturdy Purchase) because of this, with its earnings this week set to be an enormous headliner. Anticipate some elevated volatility post-earnings given the speedy rise, with buyers undoubtedly anticipating favorable steerage in regards to the general demand image.
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Sandisk Company (SNDK) : Free Inventory Evaluation Report
This text initially printed on Zacks Funding Analysis (zacks.com).
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
