Can SanDisk Shares Hit $2,500 in 2030?

SanDisk has risen sharply over the past year, driven by its role as an AI memory pure-play following the NAND flash spinoff from Western Digital. Datacenter revenue growth accelerated to 645% year over year in Q3 FY2026, while gross margins expanded to 78.4% from 22.5% a year earlier. Shares have also gained strongly year to date, but have cooled after reaching a 52-week high. The trailing 12-month P/E is elevated at 51, including loss quarters. Analyst targets show modest upside, and a base-case model projects a 2030 price of $1,234.77, with bull and bear scenarios spanning $2,062.22 and $767.68. Reaching $2,500 would require substantial additional multiple expansion beyond the base case.

"SanDisk ( NASDAQ:SNDK | SNDK Price Prediction | SNDK Price Prediction) has done something almost no mega-cap technology stock does. It went up 3,807.74% in twelve months. The NAND flash spinoff from Western Digital is now a $218.9 billion AI memory pure-play, with the Datacenter segment growing 645% year over year in Q3 FY2026 and gross margins exploding to 78.4% from 22.5% a year earlier."

"Shares hit a 52-week high of $1,600 before pulling back to 7% below that mark. The most recent trading day was a -4.12% drop. With a one-week gain of 5.05% and one-month surge of 51.03%, investors are digesting whether this rally has run too far. The trailing 12-month P/E sits at 51, including loss quarters from the prior year. The question: is the structural margin story durable, or did NAND pricing simply overshoot?"

"Consensus is bullish but stretched. The Wall Street analyst target is $1,493.36, basically flat with today's price. The rating distribution: 2 Strong Buy, 14 Buy, 4 Hold, 0 Sell, and 1 Strong Sell, with 76% bullish sentiment. Our base case 2030 price is $1,234.77 (a -16.5% total return) at 90% confidence. The bull case lands at $2,062.22 and the bear case at $767.68."

"Reaching $2,500 from today's price of $1,478.69 requires a gain of 69.1%. With forward EPS of $32.68, a price of $2,500 implies a forward P/E of 77x. Our base case of $1,234.77 already implies 48x, meaning the bold target needs roughly 29x of additional multiple expansion. That sounds steep until you look at the earnings trajectory."

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