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Down 23%, Should You Buy the Dip on Sandisk Stock?
Summary by The Motley Fool
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Down 23%, Should You Buy the Dip on Sandisk Stock?
The NAND supplier just delivered record results, and the pullback leaves the stock at a single-digit forward multiple.
SanDisk (SNDK) Stock Prediction: $2,840 Bull, $840 Bear
SanDisk is up 1,786% in twelve months and the market has decided its earnings are fake. That is not editorialising — it is what the multiple says. At $1,777.80, against company guidance of $44.00 to $46.00 of non-GAAP earnings per share for the current quarter alone, SanDisk trades at roughly ten times the annualised run-rate of its own forecast. Ten times forward earnings is what you pay for a business you expect to stop existing in its present…
Coverage Details
Total News Sources4
Leaning Left1Leaning Right1Center0Last Updated50% Left, 50% Right
Bias Distribution
- 50% of the sources lean Left, 50% of the sources lean Right
50% Right
L 50%
R 50%
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