Sandisk Corporation Stock (SNDK): Latest News, Analyst Forecasts, and What to Watch Before Monday’s Market Open

NEW YORK, Dec. 28, 2025, 10:12 a.m. ET — Market Closed (Weekend)

Sandisk Corporation (Nasdaq: SNDK) heads into the final trading week of 2025 with momentum, scrutiny, and a growing debate over whether the flash-storage leader’s blockbuster run has moved too far, too fast. With U.S. equity markets closed Sunday and trading set to resume Monday (Dec. 29), investors are entering a historically low-liquidity stretch where macro headlines can swing sentiment quickly—and where high-beta winners like Sandisk can see outsized moves.

The backdrop: Wall Street ended Friday’s post-Christmas session marginally lower in thin trading, with the S&P 500 slipping 0.03% to 6,929.94 and the Dow edging down 0.04% to 48,710.97, as many institutional desks remained quiet into year-end. ^[1]

Against that tape, Sandisk remains one of the market’s most watched “AI storage trade” names—benefiting from a narrative that data growth, enterprise SSD adoption, and tighter memory supply conditions are reshaping flash economics.

Where Sandisk stock stands heading into Monday

Sandisk finished the last regular session on Friday, Dec. 26 at $250.05, after trading between $245.10 and $261.50, with volume of roughly 5.55 million shares. ^[2]

After-hours trading later showed Sandisk around $250.45, a small move but a reminder that even quiet days can bring incremental repricing into year-end. ^[3]

Over the past several sessions, the stock’s pace has been notable: Sandisk rose from a Dec. 18 close of $219.46 to $250.05 by Dec. 26 (a gain of about 14% in just over a week). ^[4] And longer-term, the rally has been extraordinary—one reason Sandisk keeps showing up in year-end performance roundups.

News in the last 24–48 hours: what hit the tape

While there were no fresh Sandisk corporate press releases in the last two days, several market-facing items and year-end analyses drew attention to SNDK:

1) New institutional-position headlines (13F-based coverage)

MarketBeat reported Sunday that DePrince, Race & Zollo Inc. disclosed a new stake of 351,872 shares in Sandisk (based on third-quarter holdings disclosures). ^[5]
This isn’t a real-time buy signal—13F-style reporting is backward-looking—but it does reinforce that Sandisk is now firmly on the radar of diversified institutional managers.

2) A minor ratings change: “strong-buy” to “buy”

MarketBeat also reported Saturday that Wall Street Zen downgraded Sandisk from “strong-buy” to “buy.” ^[6]
That’s not a dramatic shift, but it reflects a broader reality: after a multi-hundred-percent run, even bullish coverage can turn more cautious at the margin due to valuation, volatility, and the risk of a pullback.

3) The “storage is back” narrative continues in year-end market commentary

A widely shared theme across 2025 market wrap-ups is that data storage became one of the year’s most explosive sub-industries. The Motley Fool highlighted Sandisk among the top S&P 500 performers for 2025, citing data that placed Sandisk up roughly 569.6% year-to-date (as of Dec. 22). ^[7]

4) Valuation expansion flagged as a major driver

A Trefis/Great Speculations analysis published within the last two days emphasized that Sandisk’s surge has been driven heavily by multiple expansion, pointing to a sizable rise in the company’s price-to-sales multiple alongside more modest revenue growth over comparable periods. ^[8]
This matters because a multiple-led rally can be powerful in an upcycle—but it can also unwind quickly if the narrative shifts.

Why Sandisk remains a focal point: the “AI + NAND flash” setup

Sandisk returned to public markets in 2025 after completing its separation from Western Digital and beginning trading under ticker SNDK. ^[9]

At the center of the bull case is a straightforward proposition: AI-driven data growth and infrastructure buildouts increase demand for high-performance storage, while the flash industry’s supply discipline improves pricing and margins. Sandisk itself has leaned into that message in official communications, positioning the company as “well-positioned” to address opportunities created by AI across consumer and enterprise portfolios. ^[10]

What Sandisk has said recently about fundamentals

The most recent earnings update remains Sandisk’s Nov. 6, 2025 release for fiscal first-quarter 2026 results.

Key takeaways from that report included:

Revenue of $2.31 billion, up 21% sequentially
Non-GAAP diluted EPS of $1.22
Datacenter revenue up 26% sequentially
A notable technology milestone: BiCS8 representing 15% of total bits shipped
Forward outlook: Q2 revenue guidance of $2.55B–$2.65B and non-GAAP diluted EPS guidance of $3.00–$3.40 ^[11]

CEO David Goeckeler said at the time that customers are turning to Sandisk for its technology “at a time when demand is strengthening.” ^[12]

For investors, that Q2 EPS range is a critical anchor: it helps explain why the market has been willing to re-rate the stock higher—because the company is guiding to a step-up in profitability as the cycle improves.

Analyst forecasts: targets are bullish, but dispersion is wide

Consensus views on Sandisk remain positive overall, but estimates vary meaningfully depending on the data provider and what’s included in the analyst universe.

Investing.com lists an average 12-month price target around $264.95, with a high of $322 and a low of $135, and notes a majority “buy” skew among the analysts it tracks. ^[13]
MarketBeat, in recent weekend notes, referenced a “Moderate Buy” consensus and an average target that is meaningfully lower than current trading levels, while also listing individual targets as high as roughly the high-$200s. ^[14]

What to do with that gap: it’s a signal that Sandisk is still being “re-discovered” after the spin, while the stock’s rapid move forces analysts to constantly reassess cycle assumptions, margin durability, and the pace of enterprise SSD adoption.

Market context: why Monday could feel bigger than usual

Because it’s the final week of the year, market structure matters almost as much as fundamentals:

Friday’s session featured light volume, and strategists warned that thin liquidity can amplify moves. ^[15]
Reuters’ week-ahead coverage notes the S&P 500 is flirting with the psychologically important 7,000 level and that year-end positioning could bring bursts of volatility. ^[16]

Reuters also quoted multiple market professionals describing a constructive—but cautious—setup. Paul Nolte of Murphy & Sylvest Wealth Management said, “Momentum is certainly on the side of the bulls.” ^[17]

In a separate Reuters market wrap, Carson Group chief market strategist Ryan Detrick framed the post-holiday pause as “catching our breath” after a strong rally and emphasized that the Santa Claus rally window still had time left to run. ^[18]

For Sandisk shareholders, that matters because SNDK has shown the kind of volatility where broad risk-on or risk-off shifts can quickly override single-stock fundamentals—especially near year-end.

What investors should know before the next session

With the market closed today, here are the most practical, near-term items to have on the radar before Monday’s open:

1) Futures reopen Sunday evening

U.S. equity index futures trading generally runs Sunday through Friday, with an afternoon halt—meaning investors often get their first “risk tone” read Sunday night ahead of Monday’s cash open. ^[19]

2) Key U.S. calendar events this week

Investopedia’s weekly calendar highlights several catalysts in the final days of 2025 and the first days of 2026, including:

Monday (Dec. 29): Pending home sales
Tuesday (Dec. 30): S&P Case-Shiller home price index, Chicago Business Barometer, and December FOMC meeting minutes
Wednesday (Dec. 31): Initial jobless claims; U.S. bond markets close early at 2 p.m. ET
Thursday (Jan. 1): New Year’s Day holiday (markets closed) ^[20]

NYSE holiday scheduling also confirms New Year’s Day (Thursday, Jan. 1, 2026) as a market holiday. ^[21]

3) Watch Sandisk’s “cycle signals” through peers and pricing chatter

Sandisk’s trading in 2025 has been closely tied to “memory and storage optimism.” Even if Sandisk itself releases no news, moves in adjacent names and commentary on pricing can move SNDK—particularly if traders are positioning around the next leg of the cycle.

4) Short interest is not extreme, but it’s not negligible

MarketBeat estimates that, as of the Dec. 15 settlement date, Sandisk had about 6.93 million shares sold short (roughly 4.74% of float) with a low days-to-cover figure. ^[22]
That level doesn’t scream “crowded short,” but it does mean a fast tape can still see forced covering—especially if macro news swings risk appetite.

5) Insider and filing awareness

The most recent insider filings are worth tracking as background, especially after an outsized move. For example, a Form 4 filing dated Dec. 23, 2025 documents transactions related to equity vesting/tax withholding mechanics (rather than a discretionary open-market buy). ^[23]
Investors often misread these, so it’s important to distinguish administrative transactions from conviction buys or sells.

The bull and bear cases heading into 2026

The bull case

A strengthening flash cycle plus AI-driven data center demand supports margin expansion and upside to earnings power. Sandisk’s own guidance trajectory (including Q2 non-GAAP EPS guidance) reinforces that narrative. ^[24]
Sandisk’s datacenter revenue and qualification pipeline commentary suggests enterprise traction is a major swing factor. ^[25]

The bear case

Valuation is now part of the story. Trefis highlights that the stock’s sharp move has been driven heavily by multiple expansion—often a warning sign if growth or margins don’t keep accelerating. ^[26]
After massive gains, the stock can be vulnerable to a “good news already priced in” reset if macro sentiment turns, liquidity dries up, or guidance expectations get too aggressive.

Bottom line

Sandisk Corporation stock enters Monday’s session with a powerful 2025 narrative behind it: a newly independent flash leader benefiting from a market-wide rotation toward AI infrastructure plays and a resurgent storage cycle. But the very factors that powered the rally—momentum, multiple expansion, and year-end liquidity conditions—can also increase downside air pockets.

With markets closed today, investors should treat Sunday as preparation time: monitor Sunday-night futures for risk tone, review the week’s macro calendar (especially Fed minutes), and approach SNDK with the respect warranted by a stock that has proven it can move fast in both directions. ^[27]

This article is for informational purposes only and does not constitute investment advice.