New York, Jan 27, 2026, 16:37 EST — After-hours
- Sandisk shares ticked up in late trading as investors braced for this week’s earnings report.
- Morgan Stanley and Mizuho raised their price targets, citing tighter NAND flash supply alongside robust enterprise demand.
- A fresh 2x leveraged ETF linked to Sandisk hit the market, injecting extra volatility for short-term traders.
Sandisk shares climbed 2.2% to $481.43 in after-hours trading Tuesday, following a volatile day marked by sharp swings. The flash-memory maker stayed in the spotlight thanks to new analyst price target hikes ahead of its quarterly results later this week. During the session, the stock fluctuated between $472.06 and $502.22, with roughly 13.4 million shares traded.
Why it matters now: Sandisk has become a flashpoint for memory pricing and the durability of data-center demand. The company is right at the heart of this debate, with expectations shifting rapidly.
There’s barely any margin for a weak quarter or a conservative outlook now. Investors are zeroing in on the upcoming guidance update as the key moment, dismissing what happened in the past three months.
Morgan Stanley’s Joseph Moore boosted his price target on Sandisk sharply, from $273 to $483, while keeping an Overweight rating. He described NAND fundamentals as “exceptional,” driven by tightening supply amid strong enterprise solid-state drive demand. Moore also raised his March-quarter forecast to $2.94 billion in revenue and $5.71 in non-GAAP earnings per share. TipRanks
Moore revealed that two major cloud clients have already secured close to 10% of the worldwide supply for 2025, tightening inventory across consumer markets too. NAND, a flash memory type, retains data without power and is found in everything from data-center SSDs to smartphones and USB sticks.
Mizuho bumped up its price target on Sandisk to $600 from $410 on Tuesday, maintaining an Outperform rating. The firm pointed to strong pricing momentum in NAND and DRAM, along with a supply outlook that’s expected to stay tight through 2026. It also forecasts NAND demand will grow by over 20% this year, while new wafer capacity stays constrained.
Trading got an extra twist as Tradr ETFs rolled out a Cboe-listed 2x leveraged ETF linked to Sandisk. This fund aims to deliver twice the stock’s daily return, giving short-term traders a fresh tool to boost gains without tapping margin or options.
SanDisk is set to release its fiscal second-quarter results Thursday, followed by an earnings call at 4:30 p.m. EST. Investors will focus on any updates about NAND pricing, enterprise SSD demand, and management’s outlook on supply for the latter half of the year.
Sandisk, now trading as SNDK after splitting from Western Digital’s flash division, has investors focused on how the standalone outfit will manage spending and supply discipline.
That dynamic works both ways. A stock swinging 6% in a day can just as easily punish misses, while flash memory prices risk tumbling if buyers pull orders forward or supply jumps faster than anticipated.
Thursday’s close will bring the next test. Traders will be watching closely for signs the pricing story is topping out — or whether demand from major cloud clients remains robust enough to keep the market tight into the next quarter.
