SanDisk $42B AI Backlog Reset: Why a 10.4x Forward P/E on $188 EPS Could Carry SNDK to $2,800
SanDisk (SNDK) signed a $42B hyperscaler backlog while NAND supply stays tight through 2028. At 10.4x forward P/E on $188 consensus EPS, scenario targets span $1,200 bear to $2,800 bull case.