Jim Cramer on Sandisk: “That’s Extremely Cheap for a Growth Stock”

Sandisk Corporation (NASDAQ:SNDK) was one of the stocks Jim Cramer looked at during Mad Money’s episode. Cramer explained how the stock sells for relatively cheap despite huge runs, as he said:

Western Digital and Sandisk have similar trajectories. That’s why their stocks can keep charging higher even though the moves seem just crazy. In reality, they’re just catching up to the sky-high but incredibly realistic estimates. Consider the price of Sandisk. Right now, the stock trades at $1,255. It’s supposed to earn around $63 per share in fiscal 2026, which ends in June, and then nearly $170 per share next year, which I think is actually a low-ball estimate, even though it’s up a staggering 3,500%, how’s your S&P fund doing, over the past 12 months. It’s still selling for less than 10 times next year’s earnings. That’s extremely cheap for a growth stock. And make no mistake about it, Sandisk has become a growth stock.

Sandisk Corporation (NASDAQ:SNDK) sells NAND flash-based storage solutions, including solid-state drives, embedded storage, removable cards, and USB drives.

While we acknowledge the risk and potential of SNDK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SNDK and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.