$SNDK
📊🔥💎
Honestly, the market is currently betting on continued upside in NAND storage chip prices 📈⚡
You have to treat the current price as part of the active market flow, not an isolated number 🎯
I thought Morgan’s 1600 forecast was already overvalued, but it still surged all the way to 2100 🚀😳
So the key question now is: where do we really stand?
Even if expectations are met, NAND prices are still climbing, which makes the current price of 2122 look overheated 🔥
Citi’s highest target is 2200, but that is based on NAND prices outperforming expectations 📊
The next earnings report could show gross margins around 80%–90% 📈💰
Previously it was around ~80%
However, with capacity expansion coming in 27–28, we should eventually return to a more realistic valuation range of 800–1600 🎯📉
This current rally looks excessive 🚨
Institutions are still not distributing heavily 💎
Major selling pressure would likely only appear after earnings or if NAND prices reverse ⚠️📊