Sandisk (SNDK) Stock Today: AI-Driven Flash Boom, New Price Targets, and What Investors Should Watch Into the Close
New York - Friday, December 26, 2025 (1:09 p.m. ET). U.S. stocks are trading in a thin post-Christmas session, with major indexes hanging near record levels as AI optimism and year-end seasonality keep buyers engaged.
Price action: modest gains, big swings
As of 12:53 p.m. ET, SNDK traded at $251.94, up $1.86 (+0.74%). The intraday range is wide at $245.13 to $261.24, with roughly 3.89 million shares traded.
SOXX is flat and Micron is down on the day, highlighting how sector flows can tug at SNDK during light-volume stretches. On thin days, options hedging and year-end rebalancing can force sharper reversals than fundamentals alone would suggest.
Quick market check
U.S. markets are open for a normal session today. Christmas Day was closed and Christmas Eve was an early close. If you need to confirm timing around the close or next week's sessions, the Nasdaq trading calendar is the source of truth.
Nasdaq holiday and trading hours
Why Sandisk is front and center
SNDK is a clean play on the flash-memory upcycle and AI data growth. The company, spun out of Western Digital and re-listed in early 2025, is leaning into enterprise SSDs and hyperscaler relationships-far beyond the legacy USB/microSD image.
The setup: tighter NAND supply, better pricing, and rising data center storage demand. Read-throughs from memory peers (especially Micron) continue to validate a firmer pricing environment.
Latest results: the numbers that matter
- Q1 FY26 revenue: $2.308B (up 21% q/q, 23% y/y)
- GAAP net income: $112M ($0.75 diluted EPS)
- Non-GAAP diluted EPS: $1.22
- Data center revenue: $269M, up 26% q/q
- BiCS8 ramp: 15% of total bits shipped; targeting majority by exit FY26
Guidance for Q2 FY26 pulled estimates higher:
- Revenue: $2.55B-$2.65B
- Non-GAAP EPS: $3.00-$3.40
- Non-GAAP gross margin: ~41%-43%
Balance sheet signals:
- Cash and cash equivalents: $1.442B
- Long-term debt: $1.331B
- Operating cash flow (Q1 FY26): $488M
Management's tone: positioned for strengthening demand, with attention on scaling BiCS8 and hitting balance-sheet milestones. For primary source detail, check the company's filings.
Price targets: the $300 debate
Analysts have been stepping up. One widely cited move: BofA lifted its target to $230 while staying Buy, citing stronger data center demand and a supportive NAND backdrop. More recently, Susquehanna reportedly raised its target to $300 with a Positive stance.
Consensus sits in the low-$270s based on recent pollings, but the spread is wide. Longer-range models from several shops push revenue toward ~$13B by 2027 if the cycle holds and enterprise SSD mix expands.
Valuation: what the stock has to prove
After a big run, the conversation is less about "is the upturn real?" and more about duration and margin resilience. Bulls point to operating leverage in the guide and room for price/mix tailwinds.
Skeptics flag premium multiples and the risk that NAND pricing normalizes faster than expected. In a "prove-it" market, the stock will have to keep showing repeatable margins, steady cash conversion, and durable pricing.
Risks to keep in view
- NAND pricing swings can compress margins fast if supply gets loose.
- Capex and node ramps (like BiCS8) carry execution and start-up cost risk.
- Customer concentration and hyperscaler digestion cycles can create pauses.
- Macro rotations: if AI enthusiasm cools, high-expectation names get tested.
S&P 500 inclusion: bigger stage, higher bar
Joining the S&P 500 in 2025 brought index-fund buying and more visibility. The flip side: model coverage deepens and quarter-to-quarter consistency faces more scrutiny.
Into the close: a simple checklist
- Price vs. intraday extremes: Watch how SNDK finishes against today's range ($261.24 / $245.13). Thin tapes can turn late.
- Memory read-throughs: Headlines or moves in MU and the broader memory group can spill over quickly.
- Re-anchor to the company's guide: Revenue $2.55B-$2.65B, EPS $3.00-$3.40, GM ~41%-43% remain the fundamental guardrails.
- Proof points: Margin repeatability, cash generation, and pricing durability matter more than a few points of day-to-day volatility.
- Next catalyst: Market calendars cluster the next report in early 2026 based on prior cadence-keep alerts on.
Bottom line
The flash cycle is working in Sandisk's favor, and the Q2 guide backs that up. The stock's next leg depends on how long pricing stays firm, how cleanly BiCS8 scales, and whether enterprise SSD momentum keeps translating into cash.
Traders can lean on the range and sector flows into the close. Longer-term holders should keep their eyes on margins and mix-those will decide whether targets near $300 are justifiable.
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