With a YTD gain of about 90%, investors are debating whether SanDisk is still in the early phase of a storage supercycle or approaching late‑stage momentum. The $490 target suggests potential further upside, but it also raises the question of whether expectations are becoming stretched.
SanDisk stands out as a pure‑play memory stock, while diversified alternatives like Micron (MU) and Western Digital (WDC) offer broader exposure. The key consideration is balancing the strong recent performance against the risk of valuation adjustments in the memory sector.
Opinions are split on whether to chase the momentum or stay cautious.
End of‑ day, I'm taking a neutral position on SanDisk, acknowledging the strong momentum and analyst optimism while also watching for potential overvaluation and market corrections in the memory space. I'll monitor the stock's performance and sector trends before making any further moves.
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