SNDK Should I Buy
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Buy now for momentum/catalyst-driven upside. The stock is in a strong uptrend (bullish MAs + expanding positive MACD) and is gapping higher on a major earnings beat plus sharply higher forward guidance tied to AI/datacenter NAND demand. While RSI is extremely overbought (near-term pullback risk), the wave of same-day analyst upgrades/price-target raises to $690–$800 suggests Wall Street believes earnings power is being structurally reset higher, making dip-waiting less aligned with an impatient buyer.
Trend is strongly bullish: SMA_5 > SMA_20 > SMA_200 confirms an established uptrend, and the MACD histogram (+9.768) is above zero and expanding, signaling strengthening upside momentum. However, RSI_6 at 88.5 indicates the move is stretched/overbought and price may consolidate after the gap. Key levels: pivot support ~523; if momentum holds, next upside reference is R1 ~629 then R2 ~694. With price ~543 (+20% pre-market move noted), the setup is a momentum continuation candidate rather than a value entry.
Datacenter strength: datacenter revenue +64% QoQ and demand tied to AI servers/hyperscalers highlighted across coverage. Industry backdrop: multiple analysts describe an unusual supply/demand imbalance in NAND with tight supply and accelerating pricing. Analyst momentum: multiple price target raises and an upgrade (Raymond James to Outperform) on the same day reinforce institutional confidence in the new earnings trajectory.
Technical near-term stretch: RSI in extreme overbought territory increases the odds of a pause/mean reversion after the gap. Options imply elevated expectations: very high IV raises the bar for additional upside surprises. Pattern-based near-term model is muted: the provided candlestick-similarity stats imply small expected next-day/next-week change, suggesting the big move may be largely captured immediately after the catalyst.
Latest provided financial snapshot (2026/Q1): revenue grew to $2.308B (+22.57% YoY), but profitability weakened with net income $112M (-46.92% YoY), EPS $0.75 (-58.79% YoY), and gross margin 29.77% (-22.80% YoY). However, the news-driven Q2 print/guidance indicates a sharp inflection: Q2 EPS reported at $6.20 with strong forward Q3 guidance and commentary pointing to accelerating NAND pricing and datacenter mix improvement—suggesting margins/earnings power are rebounding meaningfully into the next quarters.
Recent trend is decisively bullish: a cluster of same-day upgrades/raises (2026-01-30) pushed targets up to $690 (Morgan Stanley), $700 (Jefferies), $710 (Mizuho), $725 (Raymond James upgrade to Outperform), and $800 (Cantor), all reiterating Buy/Overweight/Outperform-type views. Wall Street pros: AI/datacenter-driven demand, tight NAND supply, accelerating pricing, and structurally higher earnings power (some models reset EPS assumptions sharply higher). Cons: recognition that memory is cyclical and a future down-cycle will eventually arrive, though several firms see no clear end in sight near-term. Holdings/flows: hedge funds and insiders are reported neutral recently; no congress trading data in the last 90 days.
