Wall Street's Next Blockbuster Stock Split Has Arrived -- The Stock Has Gained 3,050% Since Its 2025 Debut and Still More Upside Ahead, According to Wall Street
A surging stock price is leading this leading memory stock to split its shares.
Wall Street's newest high-flying stock is Sandisk (SNDK -15.27%), a semiconductor company that recently underwent an 8-for-1 stock split. The spin-off from Western Digital in early 2025 has been a Wall Street darling, with its stock price surging 3,050% since its debut. Sandisk's impressive business performance reflects the growing demand for memory chips used in AI applications.
The company's fiscal 2027 first-quarter results showed a 378% year-over-year revenue increase and adjusted earnings per share (EPS) soaring more than 40-fold to $49.51. Analysts are bullish on Sandisk's future, with 84% of 25 analysts rating it as a buy or strong buy and an average price target of $2,143 – implying an additional 85% upside.
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