SNDK: +3.9% as NAND Rally Extends; Bulls Eye $220–$230 Target
$SanDisk Corp.(SNDK)$
$207.01 (+3.85%): Parabolic NAND rally grinds higher, 3% shy of highs with 185–230 battle zone in play
Market Recap (as of Oct 31, 2025):
Sandisk closed at $207.01, up +3.85%, on ~10.6M shares vs ~6.3M average, extending a ~5× YTD run while sitting only ~3% below its 52-week high at $213.40.
The move is powered by a sharp rebound in NAND fundamentals: ASPs are rising and recent results showed margin recovery as flash supply tightens.
On the sentiment side, Wedbush hiked its target from $60 to $220 (Outperform) and Morgan Stanley just raised to $230 (Overweight), framing Sandisk as a key beneficiary of AI and cloud storage demand.
Fundamentals are still catching up: with TTM EPS ≈ −11.3, the trailing P/E is not meaningful, but forward P/E sits roughly in the low-20s to low-30s, a premium to the S&P 500’s ~23× and above some memory peers, while price-to-sales near 4× also screens rich vs history.
Technical Indicators Analysis:
Technically, SNDK is in a strong, overextended uptrend: price is far above the 20-day EMA (~$163) and 50-day EMA (~$125), with MACD firmly positive and widening, and RSI around 75 showing overbought but still trending conditions.
The combination of heavy volume + bullish MACD + elevated RSI favors a momentum grind with high pullback risk over the next week.
Base case: consolidation inside roughly $190–$220; first support sits at $190–$185 (recent gap and short-term pivot), then $170–$165 near the rising 20-day EMA, while resistance is at $213–$215, followed by a stretch zone toward $225–$230 if upgrades keep attracting momentum buyers.
Using both valuation and these analyst calls as context, a near-term technical target band is $220–$230, while a loss of $185 on a closing basis would signal a deeper mean-reversion toward the mid-$160s.
Risk Disclaimer: This note is for informational and technical-analysis purposes only and does not constitute investment advice or a recommendation to buy or sell any security.
Prices and data are based on the latest daily close from Yahoo Finance and TradingView and may change; always do your own research and manage position sizing and risk carefully.
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