Sandisk stock price topped $1,600 per share, putting SNDC stock price talk squarely on the table. Keithen Drury, a Motley Fool contributor, said he thinks the rally could keep going and that Sandisk eventually could have a stock split. The move comes after a start to the year below $300 a share.
Keithen Drury and $1,600
$1,600 per share is the level that changed the conversation. Drury’s view was straightforward: Sandisk is already rich enough that a split becomes a realistic discussion, even though the company is still down around 30% from its all-time high.
2000 is the last time Micron split its stock. That matters only as a reference point, because Sandisk is a recently spun-off company, so there is no historical split record to lean on. Drury said Micron's fourth-quarter results are coming up and that a stock split could be announced then.
Sandisk, NAND, and pricing
Two-thirds of Sandisk's latest quarterly growth came from increasing prices, while one-third came from increased output. That split shows the rally is not just a story about more units moving through the pipeline; it is also a story about tighter supply allowing Sandisk to charge more for NAND memory.
Sandisk only makes NAND memory, and the market backdrop remains tight. Most new memory-chip production facilities are not expected to be up and running until late 2027 or 2028, and Micron's management team believes the tightness in the memory chip market will persist into 2028. If that setup holds, Sandisk has room for pricing to stay elevated while the stock trades at a level that makes split speculation harder to ignore.
Micron Technology and 2028
Sandisk’s rally also sits against a broader memory-chip backdrop that has supported Micron Technology and Sandisk and Micron Technology in the same demand cycle. For shareholders, the practical issue is not whether the stock price has already run far enough — it has — but whether management decides that a split fits the next stage of the move.
Whether Sandisk will actually announce a stock split and when remains the open question. Drury has already put a possible timing window around Micron's fourth-quarter results, and that leaves Sandisk holders watching for a corporate decision, not just another price print.
