Sandisk Corp reaches 52-week high amid strong investor interest
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 18 2024
0mins
Should l Buy SNDK?
Source: Business Insider
Sandisk Corp's stock has increased by 4.06% in pre-market trading, reaching a 52-week high. This movement reflects a significant uptick in investor interest, particularly following the recent surge in options trading volume.
The rise in Sandisk's stock price is attributed to a notable increase in options trading activity, with 46,712 contracts traded, indicating strong investor expectations for future performance. This heightened interest comes amid a broader market context where the Nasdaq-100 is up 0.13% and the S&P 500 is down 0.02%, suggesting a sector rotation as investors focus on technology stocks.
The implications of this price movement are significant, as it highlights Sandisk's strong market position and investor confidence in its future growth. The upcoming earnings call scheduled for January 29, 2026, is likely to further enhance transparency and investor relations, potentially driving further interest in the stock.
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Analyst Views on SNDK
Wall Street analysts forecast SNDK stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SNDK is 283.69 USD with a low forecast of 220.00 USD and a high forecast of 410.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 576.200
Low
220.00
Averages
283.69
High
410.00
Current: 576.200
Low
220.00
Averages
283.69
High
410.00
About SNDK
SanDisk Corporation is a developer, manufacturer and provider of data storage devices and solutions based on NAND flash technology and has consumer brands and franchises globally. The Company's solutions include a range of solid state drives (SSDs) embedded products, removable cards, universal serial bus (USB) drives, and wafers and components. Its broad portfolio of technology and products addresses multiple end markets of cloud, client and consumer. Its cloud end market is comprised primarily of products for public or private cloud environments and enterprise customers. The Company, through the client end market, provides numerous data solutions that it incorporates into its client’s devices, which consist of solid state drive desktop and notebook personal computers, gaming consoles and set top boxes, and flash-based embedded storage products. The Company serves the consumer end market with a portfolio of solid state drives and removable flash, including cards and USB flash drives.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Rebound: Tech stocks and the broader market rebounded on Friday, with Nvidia shares rising nearly 8%, reflecting investor confidence in the recovery of the chip industry, although Nvidia's stock remains down 11% from its peak on November 3, indicating market volatility.
- Supply-Demand Dynamics: The ongoing shortage of memory chips has driven up shares of chipmakers like Micron, SanDisk, and Western Digital, as investors anticipate robust demand and rising prices, providing a favorable backdrop for Samsung's market performance.
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- Strong Performance of Sandisk: Sandisk (SNDK) has seen a 3.85% increase since its spin-off from Western Digital in February 2025, with a current price of $22.21, benefiting from NAND flash shortages and surging AI demand, which is expected to drive rapid revenue and gross margin growth.
- Favorable Market Conditions: With most major memory manufacturers cautious about NAND production, Sandisk, as the only pure-play publicly traded U.S. flash memory maker, is in an ideal market environment, and the NAND market is expected to remain tight, with pricing being the main growth driver for the company.
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- Manufacturing Challenges: Although Micron is working to increase HBM capacity, the complexity of HBM manufacturing requires three times the wafer capacity of regular DRAM, leading to a DRAM industry shortage and rising prices, positioning Micron to benefit from this super-cycle in AI infrastructure growth for years to come.
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- Market Trend Analysis: The tech sector is currently experiencing strong upward momentum, particularly in the memory market, where the surge in AI demand has led to a shortage of NAND flash, making stocks like Sandisk exceptionally hot, which is expected to drive rapid revenue and gross margin growth.
- Sandisk's Strong Performance: As the only pure-play publicly traded U.S. flash memory maker, Sandisk has seen its stock price soar since its spin-off from Western Digital in February 2025, primarily benefiting from tight NAND pricing and the demand for high-performance solid-state drives, a trend expected to continue.
- Micron's Technological Edge: Micron Technology derives 80% of its revenue from DRAM, and with HBM demand growing at an annual rate of 40%, the company is working to increase capacity to meet this demand, although the complexity of HBM production has led to a DRAM industry shortage.
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See More
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- Supply-Demand Imbalance: The AI boom has created a significant shortage of DRAM, HBM, and NAND storage, with demand far outpacing supply, which is primarily controlled by a few key players, presenting a lucrative opportunity for memory designers and manufacturers.
- Micron's Revenue Surge: Micron's latest quarterly revenue reached $13.6 billion, a nearly 50% increase year-over-year, with projections for the next quarter to soar to $18.7 billion, highlighting its strong growth potential in the high-margin enterprise market.
- Western Digital Buyback: Western Digital announced a $4 billion stock buyback, signaling confidence in future growth, with its stock price surging over 50% since the beginning of 2026, reflecting strong market demand for its advanced storage solutions.
- SanDisk's Strong Performance: SanDisk reported a 31% revenue increase and a remarkable 64% rise in data center revenue, with expectations of adding over $1 billion in the next quarter, further solidifying its leadership in the NAND technology market.
See More
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- Market Performance Comparison: Sandisk's stock surged 1,560% over the past year due to memory chip supply shortages, while Pure Storage's shares have remained stable, indicating differing market expectations for the two companies.
- Analyst Price Targets: Sandisk has a median target price of $717.50 per share, implying a 20% upside from its current price of $598, whereas Pure Storage's target price of $100 per share suggests a 40% upside, reflecting greater market confidence in the latter.
- Technological Advantages: Sandisk enhances its competitiveness in the NAND flash market through collaboration with Kioxia, sharing R&D and capital expenditures, while Pure Storage offers superior storage density and lower power consumption with its 3D NAND and Evergreen architecture, making it ideal for AI workloads.
- Earnings Expectations: Sandisk reported a 404% growth in non-GAAP earnings last quarter, with an expected annual growth rate of 410% through fiscal 2027; in contrast, Pure Storage achieved a 16% growth in non-GAAP earnings, with a projected annual growth rate of 23%, highlighting significant differences in profitability between the two companies.
See More
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- Micron's Market Edge: Micron's revenue soared to $13.6 billion over the past year, with projections of reaching $18.7 billion in Q2, as its limited production capacity and high gross margins solidify its competitive advantage, having already sold out through 2026.
- Western Digital's Strong Performance: Western Digital's stock surged over 50% at the start of 2026, coupled with a $4 billion share buyback announcement, highlighting its leadership in high-capacity 3D NAND flash memory essential for AI and data center storage needs.
- SanDisk's Resurgence: After separating from Western Digital, SanDisk reported a 31% revenue increase and a 64% rise in data center revenue in Q2, with expectations of adding over $1 billion in revenue next quarter, showcasing strong demand and pricing power in the NAND market.
See More
