Stock-Split Watch: Is Sandisk Next?

Sandisk stock has experienced an extraordinary rise over the past few years, with its price soaring 3,136% to reach $1,246 per share since its public debut in 2025. The company, formerly a part of Western Digital until its spin-off, specializes in NAND flash drives and solid-state storage drives for data centers and AI applications.

Sandisk's stock surged due to insatiable demand for its drives, generated by the AI storage supercycle, which outpaced supply. This high demand created significant pricing power for the company, resulting in an average annualized return of 718% over the past 18 months. Sandisk's stock peaked at $2,335 per share in June 2025, a price six and a half times higher than its IPO price.

Given its current valuation, analysts forecast a further 77% increase in Sandisk's stock price over the next year, projecting it to reach $2,225 per share. While Sandisk management has not announced a stock split, the company's size and price may prompt such a move in the future. Companies often split their stock when the share price reaches four-digit territory to attract new investors, provide stock-based compensation to employees, or lower the share price for stock repurchases.

A stock split can also potentially boost the share price, as demonstrated by Booking Holdings, which saw a surge of about 10% in the two weeks following its 25-for-1 stock split in April 2025.