SanDisk Corporation (NASDAQ: SNDK) is back in the spotlight today. On Monday, 24 November 2025, the flash‑memory specialist’s shares are surging after Morgan Stanley lifted its price target and doubled down on a bullish call that “intensifying shortages” in memory will drive much stronger earnings ahead. [1]
The move caps an already explosive year for SanDisk, which was spun out of Western Digital in February 2025 and has since ridden the AI and data‑center boom to a multi‑fold gain in its stock price. [2]
Below is a detailed, Google‑News‑ready overview of SanDisk stock today (24.11.2025), the fresh news flow, and how it fits into the company’s fundamentals and valuation.
SanDisk stock price today (24 November 2025)
Intraday data from multiple market feeds show SanDisk trading sharply higher on Monday:
- Last price (approx.): around $226–228 per share, depending on feed and timestamp. [3]
- Daily move: roughly +12–13% versus Friday’s close. [4]
- Intraday range: opened near $206, climbed to an intraday high just above $228. [5]
- Volume: around 8–9 million shares traded by mid‑ to late‑session, well above the recent 20‑day average of ~13.8M shares (on track for a very active day). [6]
- Market cap: about $33 billion at current levels. [7]
A real‑time update from Investing.com lists SNDK at roughly $227.3 intraday, while StockAnalysis and TradingView show similar levels and confirm double‑digit percentage gains for the session. [8]
All major SanDisk (SNDK) news today – Monday, November 24, 2025
Several fresh stories are driving interest in SanDisk stock today. Here are the key headlines from 24.11.2025 and what they say:
1. Morgan Stanley lifts SanDisk price target to $273, cites “intensifying shortages”
- Investing.com / Yahoo Finance / MarketScreener / TipRanks – Nov 24, 2025
Morgan Stanley raised its SanDisk price target from $263 to $273 and reiterated an Overweight rating, arguing that “intensifying shortages across the board” in memory markets should lead to “very strong earnings” for both SanDisk and Micron. [9] - The firm also boosted Micron’s target to $338 and framed the recent sell‑off in memory names as not warranted, despite concerns about higher capital spending and fears that shortages might be easing. [10]
Impact:
This note is the single biggest direct catalyst today: across several feeds, SanDisk is cited as rising 10–13% after the Morgan Stanley upgrade, with memory‑shortage chatter giving investors a clear narrative for buying the dip after last week’s volatility. [11]
2. Barron’s: “Buy Micron and This Other Chip Stock. There Are ‘Intensifying Shortages.’”
- Barron’s – Nov 24, 2025
Barron’s ran a high‑profile piece highlighting Micron and SanDisk as key beneficiaries of tightening memory supply, leaning heavily on Morgan Stanley’s thesis that reports from the supply chain point to stronger‑than‑expected earnings. [12] - The article notes that in early Monday trading, Micron was up around 8% and SanDisk about 13%, underscoring how quickly sentiment has flipped back to bullish after last week’s sell‑off. [13]
Impact:
Barron’s coverage helps push SanDisk into Google News and Discover‑friendly mainstream visibility, reinforcing the idea that SNDK is one of the “go‑to” AI‑memory plays alongside Micron.
3. Zacks: SanDisk among “3 Stocks with Upgraded Broker Ratings to Buy for Solid Returns”
- Zacks / Nasdaq – Nov 24, 2025
In a “Screen of the Week” article, Zacks highlights Insulet, SanDisk and O‑I Glass as stocks where broker ratings have been moving higher and that are “worth betting on” for retail investors who want to lean on analyst research. [14] - For SanDisk specifically, Zacks notes:
- The company, based in Milpitas, CA, develops and sells data‑storage devices and solutions worldwide.
- Fiscal 2026 earnings are projected to surge about 308% year over year.
- SanDisk currently carries a Zacks Rank #1 (Strong Buy) and has seen a 5.6% upward revision in broker ratings over the past four weeks. [15]
Impact:
The Zacks piece adds to the sense that Wall Street upgrades are clustering around SNDK, giving today’s spike more fundamental backing than just short‑term trading momentum.
4. StockstoTrade: “Sandisk Corporation Enjoys a Surge as Market Dynamics Shift”
- StocksToTrade News – Nov 24, 2025, 12:13 p.m. EST live update
A trading‑oriented article reports that SanDisk shares were up about 12.87% intraday, flagging SNDK as a momentum name on day‑trader watchlists. [16] - Key takeaways from the piece include:
- A strategic pivot toward expanding product lines is supporting revenue and drawing new analyst attention.
- New technology introductions have strengthened SanDisk’s competitive edge and stoked optimism about future earnings.
- Management’s financial strategies are seen as streamlining operations and pointing toward higher profit margins over time.
- The piece emphasizes improved investor confidence and “bullish analyst projections,” while noting that regulatory concerns appear manageable according to management signalling. [17]
Impact:
This article helps explain why SNDK is prominently featured on short‑term trading scanners, amplifying intraday volatility but also broadening the shareholder base.
5. TipRanks: “Why SanDisk Corp Stocks Are On The Rise”
- TipRanks – Nov 24, 2025
An automatically generated news item on TipRanks links today’s move directly to Morgan Stanley’s price‑target hike, noting that SanDisk shares are experiencing elevated volatility amid strong earnings expectations tied to tightening memory supply. [18] - TipRanks also tracks earlier target hikes, including Bank of America raising its SanDisk target to $300 from $270 and reiterating a positive view based on strong demand and technological advantages. [19]
Impact:
TipRanks consolidates the day’s analyst‑driven narrative: SanDisk is being repriced higher as big banks race to adjust their models after the company’s blowout Q1 and the renewed memory‑shortage thesis.
How today’s news fits with SanDisk’s fundamentals
A quick recap: SanDisk’s earnings momentum
SanDisk’s rally today doesn’t come out of nowhere; it’s being layered onto very strong recent earnings:
- On November 6, 2025, SanDisk reported fiscal Q1 2026 results:
- Revenue: about $2.31 billion, up 21% sequentially and roughly 22–23% year over year, comfortably above guidance. [20]
- GAAP net income: around $112 million, or $0.75 diluted EPS. [21]
- Non‑GAAP diluted EPS: about $1.22, beating consensus by around $0.10–0.30 depending on the data provider. [22]
- Datacenter revenue: up about 26% sequentially to $269 million, supported by AI‑related SSD demand and hyperscaler engagements. [23]
- Management highlighted that SanDisk reached a net‑cash‑positive milestone ahead of plan and that its BiCS8 3D NAND technology already represented roughly 15% of bits shipped, with plans for it to be a majority of output exiting fiscal 2026. [24]
For the current Q2 2026, SanDisk guided to:
- Revenue of $2.55–2.65 billion, and
- Non‑GAAP EPS of $3.00–3.40, signalling a steep earnings ramp as pricing and mix improve. [25]
Independent analyses from Gurufocus, Investing.com and others describe the Q1 beat as “blowout,” underscoring that SanDisk’s profit trajectory has finally inflected into positive GAAP territory after earlier losses. [26]
Revenue scale and profitability
StockAnalysis data gives a good snapshot of SanDisk’s current financial profile:
- Trailing‑12‑month revenue: about $7.78 billion, up ~10.9% year over year. [27]
- Latest 12‑month result: still a GAAP net loss of around $1.74 billion, implying a net margin near –22% despite improving operating trends. [28]
- Gross margin: roughly 28%, with an operating margin near 5% and positive free cash flow of about $516 million over the last year. [29]
- Balance sheet: current ratio around 3.3, quick ratio about 1.8, and debt‑to‑equity near 0.17, leaving the company with modest net debt relative to market cap but room for further de‑leveraging. [30]
In short, revenue is growing fast and margins are healing, but SanDisk is still working its way out of a deep down‑cycle where losses were heavy. That nuance matters when thinking about valuation.
Valuation and analyst sentiment after today’s spike
Analyst ratings and price targets
Several aggregators paint a broadly bullish picture, even after today’s jump:
- Across about 13 Wall Street analysts, SanDisk carries a “Strong Buy” consensus, according to both StockAnalysis and TipRanks. [31]
- StockAnalysis lists an average 12‑month price target around $218, with a wide range from about $50 on the low end to $300 on the high end. [32]
- Zacks recently noted a mean target near $262.5, implying roughly 34% upside from last week’s close around $196—before today’s rally. [33]
- Benzinga’s Q&A section and other data vendors show consensus targets typically in the $210–$230+ band, again with a high watermark at $300 after Bank of America’s latest hike. [34]
- Yahoo’s research page notes at least one analyst report raising its target to $298, underscoring a cluster of upward revisions in November. [35]
With the stock now trading roughly in line with or above some consensus targets, SanDisk is increasingly in a zone where further upside depends on continued estimate revisions, not just multiple expansion.
Key multiples today
Based on the latest statistics from StockAnalysis:
- Market cap: ~$33 billion.
- Forward P/E: about 13–14x next‑12‑month earnings. [36]
- Price‑to‑sales (P/S): roughly 3.7x trailing sales. [37]
- Price‑to‑book (P/B): about 3.1x, with book value per share near $64. [38]
- Free‑cash‑flow yield: roughly 1.5% on trailing numbers, reflecting both heavy investment and a still‑early profits recovery. [39]
Relative to other high‑growth AI‑hardware plays, those numbers are not extreme, but the market is clearly pricing in a multi‑year upcycle in NAND flash and enterprise SSD demand.
From Western Digital spin‑off to AI memory darling
SanDisk’s story in 2025 has been unusually dramatic:
- February 2025: Western Digital completed the spin‑off of its flash business into a standalone company, SanDisk Corporation, distributing shares of “Spinco” (SNDK) to WDC holders. [40]
- By late October, Reuters and other outlets were already reporting that SanDisk shares had surged roughly fivefold since their debut, making it one of the strongest storage plays of the year alongside Western Digital and Seagate. [41]
- Financial commentary from outlets like Finimize and Asiae has repeatedly pointed to SanDisk as a pure‑play on NAND flash and AI data‑center storage, with AI workloads driving unprecedented demand for high‑capacity SSDs. [42]
In that context, today’s rally looks less like an isolated event and more like another step in a broader re‑rating of dedicated memory providers in the AI era.
Volatility check: last week’s plunge and what it says
Today’s surge also needs to be read against brutal swings last week:
- Historical price data shows that on November 20, 2025, SanDisk fell more than 20% in a single session, dropping from the mid‑$250s to under $196 after a series of sharp profit‑taking moves and concerns about memory pricing and capex. [43]
- Investor’s Business Daily and other outlets described SanDisk as one of several “hot AI storage names” that suddenly “turned ice cold,” echoing similar comments from Jim Cramer on CNBC. [44]
- Zacks later noted that SanDisk shares had gained about 17% over the prior four weeks yet still had substantial upside based on Street targets, highlighting how quickly the stock oscillates between euphoria and fear. [45]
In other words, today’s 10–13% pop comes just days after a 20% drop—a reminder that SNDK is not a low‑volatility stock and that it trades like a classic cyclical semiconductor name with an AI twist.
Is SanDisk stock overextended after today’s move?
Whether SanDisk is “expensive” depends heavily on your view of:
- How long the AI‑driven memory shortage lasts, and
- How quickly SanDisk can translate higher pricing into durable margins.
On the bullish side:
- Q1 results suggest that operating leverage is kicking in: revenue growth of low‑20s percentages translated into a swing from losses to triple‑digit million GAAP profits and much higher non‑GAAP EPS. [46]
- Datacenter‑focused SSD revenue is growing faster than the company average, indicating SanDisk is successfully leaning into higher‑value enterprise and cloud workloads, not just commodity consumer flash. [47]
- Analysts are consistently revising earnings estimates upward and raising price targets (Morgan Stanley, BofA, Goldman Sachs and others), while Zacks currently projects over 300% EPS growth in fiscal 2026. [48]
On the cautious side:
- Trailing financials still show a substantial net loss over the last year, with margins only recently turning meaningfully positive. [49]
- StockAnalysis assigns SanDisk an Altman Z‑score near 2.1, below the comfort‑zone threshold of 3, implying elevated (though not extreme) financial risk relative to more mature large caps. [50]
- Some commentary notes that consensus price targets lag the share price, with average targets now below or roughly in line with where the stock trades after the latest rally—meaning SanDisk may already be pricing in much of the near‑term good news. [51]
For long‑term investors, the key question isn’t whether today’s move is justified minute‑to‑minute, but whether SanDisk can sustain double‑digit revenue growth and high‑teens (or better) margins through the AI infrastructure build‑out and into the next memory down‑cycle.
Main risks to watch
Even as today’s news is overwhelmingly positive, several structural risks remain:
- Cyclicality of memory markets
Memory has historically been the most boom‑and‑bust part of semiconductors. If competitors (Samsung, SK Hynix, Kioxia, Micron) overbuild capacity in response to current pricing strength, the industry could swing back to oversupply and margin compression. [52] - Execution on technology roadmaps
SanDisk’s guidance assumes a smooth ramp of BiCS8 and subsequent nodes, along with strong adoption of high‑bandwidth flash (HBF) products. Any delays could pressure gross margins or push hyperscalers toward rivals. [53] - Leverage and cash‑flow dynamics
Although leverage is moderate, free‑cash‑flow yields are still relatively low, and the company is just emerging from a period of large net losses. A reversal in pricing or demand could quickly re‑expose balance‑sheet fragilities. [54] - Post spin‑off overhangs
Western Digital has already sold a large secondary block of SanDisk shares and may dispose of more over time, potentially creating sporadic supply overhangs even if the fundamental story remains intact. [55] - Macro and rate sensitivity
As a growth‑oriented tech name with a significant AI narrative, SanDisk remains sensitive to macro risk, interest‑rate expectations, and broader risk‑on/risk‑off swings in the equity market. [56]
What to watch next for SanDisk stock
For investors and traders tracking SNDK after today’s spike, key upcoming catalysts include:
- Next earnings report: Q2 2026 results and updated guidance, where investors will look for confirmation that revenue and EPS are tracking to (or ahead of) the ramp implied in current Street models. [57]
- Memory pricing data: Any signs that NAND and SSD contract prices are rolling over would challenge the “intensifying shortages” narrative underpinning today’s move. [58]
- Further analyst actions: Additional target hikes or downgrades from major banks (especially if they move away from the current Strong Buy cluster) could reprice expectations quickly in either direction. [59]
- Industry news from peers: Earnings from Micron, Samsung, SK Hynix, Kioxia and Western Digital can all shift sentiment around SanDisk, given their shared exposure to AI‑driven memory demand. [60]
Bottom line
On November 24, 2025, SanDisk stock is surging more than 10% as Wall Street leans into a narrative of tightening memory supply, AI‑driven demand, and a powerful post‑spin‑off earnings ramp.
Morgan Stanley’s target hike to $273, Zacks’ Strong Buy rating with triple‑digit EPS growth forecasts, and a flurry of bullish commentary have combined with traders’ momentum buying to push SNDK sharply higher after last week’s brutal correction. [61]
SanDisk now sits at the intersection of AI infrastructure, cyclical memory economics, and spin‑off storytelling. For investors, that makes it one of the most interesting—and volatile—chip names to watch into 2026.
Disclaimer: This article is for informational and news‑analysis purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Always do your own research or consult a licensed financial advisor before making investment decisions.
References
1. www.investing.com, 2. www.reuters.com, 3. www.investing.com, 4. www.investing.com, 5. www.investing.com, 6. stockanalysis.com, 7. stockanalysis.com, 8. www.investing.com, 9. www.investing.com, 10. www.investing.com, 11. m.ng.investing.com, 12. www.barrons.com, 13. www.barrons.com, 14. finance.yahoo.com, 15. www.nasdaq.com, 16. stockstotrade.com, 17. stockstotrade.com, 18. www.tipranks.com, 19. www.tipranks.com, 20. investor.sandisk.com, 21. www.hartware.de, 22. www.futunn.com, 23. www.stocktitan.net, 24. www.stocktitan.net, 25. fintool.com, 26. www.gurufocus.com, 27. stockanalysis.com, 28. stockanalysis.com, 29. stockanalysis.com, 30. stockanalysis.com, 31. stockanalysis.com, 32. stockanalysis.com, 33. www.zacks.com, 34. www.benzinga.com, 35. finance.yahoo.com, 36. stockanalysis.com, 37. stockanalysis.com, 38. stockanalysis.com, 39. stockanalysis.com, 40. www.sec.gov, 41. www.reuters.com, 42. finimize.com, 43. www.investing.com, 44. www.investors.com, 45. www.nasdaq.com, 46. investor.sandisk.com, 47. www.stocktitan.net, 48. investor.sandisk.com, 49. stockanalysis.com, 50. stockanalysis.com, 51. stockanalysis.com, 52. www.investing.com, 53. www.stocktitan.net, 54. stockanalysis.com, 55. www.stocktitan.net, 56. www.nasdaq.com, 57. www.futunn.com, 58. www.investing.com, 59. www.benzinga.com, 60. www.reuters.com, 61. www.investing.com
