Sandisk Stock Is Back Above the $900 Price I Set for Buying It. Here's Why I'm Holding Off.
Sandisk stock has surged to ~$990, up 23% since Nov. 5, following CoreWeave's positive revenue forecast. However, analyst Daniel Sparks maintains his $900 price target and is holding off on buying, as the stock now trades at 4.4 years of guided earnings rather than his preferred 4 years. He emphasizes that nothing has fundamentally changed except the price, and he prefers to wait for either a price drop below $900 or higher guidance from management before reconsidering.

