Two Wall Street Analysts Just Set Price Targets on Sandisk $1,430 Apart. One of Them Is Going to Be Very Wrong.

Susquehanna and Wells Fargo have issued drastically different price targets for Sandisk, with Susquehanna at $3,050 and Wells Fargo at $1,620—a $1,430 gap. The disagreement reflects the core debate over whether Sandisk's extraordinary earnings from AI-driven demand and tight NAND flash memory supply will persist or collapse. Sandisk's fiscal Q3 showed 251% revenue growth and 78.4% gross margins, with $42 billion in multi-year supply contracts. However, the market's single-digit forward P/E ratio suggests skepticism about earnings durability. The company's Q4 results in early August will be critical in determining which analyst is correct.