Sandisk Stock Has Surged More Than 2,000% in a Year. History Suggests This Is Where the Stock Could Be in 2028

Sandisk stock has surged over 2,300% in the past year driven by soaring NAND flash memory prices fueled by AI data center demand. With supply expected to remain constrained through 2028 and AI servers projected to account for 51% of NAND flash demand by 2027, analysts expect Sandisk's earnings to grow 20% in fiscal 2028. At a 20x earnings multiple, the stock could potentially reach $5,110 by 2028, representing a 5x gain from current levels.