Sandisk: It's The Perfect Time To Load Up

Hunting Alphas 9.04K Followers Follow Summary Sandisk’s 8 multiyear deals with datacenter players provide substantial revenue visibility, covering 50% of FY27 and 67% of FY28 bit shipments. Sandisk’s Kioxia joint venture lowers capital intensity through shared technology development, manufacturing tools, and NAND production capacity through 2034. High-bandwidth flash (HBF) could address AI inference memory-capacity constraints, with 2027 product launch plans creating upside beyond Sandisk’s current long-term financial outlook. Sandisk trades above memory peers on a 1-yr fwd EV/EBITDA basis, but high earnings growth projections, supported by long-term contract visibility, make the stock look cheap. SNDK's correction seems to be over as the bulls are defending grounds and pushing up from a key technical support level amid a broader, healthy uptrend. AKart Design/iStock via Getty Images Performance Assessment Sandisk ( SNDK ) has undergone a correction, which has still outperformed the broader market index since my last bullish update : Elevator Pitch I recently upgraded memory stock Micron Technology, Inc. ( MU This article was written by Hunting Alphas 9.04K Followers Follow Hunting Alphas manages a long-only, zero-leverage global equity portfolio through a Self Managed Super Fund. The main portfolio managed is defensive in nature and on a risk-adjusted basis, it has outperformed the market, generating 7.5% annualized alpha, Sortino ratio of 2.0, Information Ratio of 0.67, and low max drawdowns.Hunting Alphas' articles are 5-Minute Stock Pitches that focus on the core stock drivers based on fundamentals, sentiment, valuations, and technical analysis across all types of sectors.Portfolio performance is shared monthly, portfolio holdings disclosed weekly and all the Excel models for the 5-Minute Pitches are shared on the Hunting Alphas website. Note: Hunting Alphas is related to VishValue Research on Seeking Alpha. Analyst’s Disclosure: I/we have a beneficial long position in the shares of SNDK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.