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Barchart
Barchart
Rich Duprey

SanDisk Stock Keeps Surging. Did You Miss Your Chance to Buy?

SanDisk SNDK Memory Bernstein Citi Western Digital

SanDisk (SNDK) was spun off from Western Digital (WDC) last February, marking a strategic separation to unlock value in its flash memory business. Since then, the company has delivered a master class in market dominance, capitalizing on surging demand for NAND flash driven by artificial intelligence (AI) and data centers. 

The stock has skyrocketed around 1,100% since the spinoff, outpacing broader indices as analysts scramble to adjust. Price targets have been repeatedly hiked to reflect this momentum, with Citi raising theirs yesterday by 75% to $490, sparking a 10.6% jump in shares to close at $501.29.

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