Sandisk Corporation (NASDAQ:SNDK) is one of the best performing S&P 500 stocks in 2025. On December 8, JPMorgan initiated coverage of SanDisk with a Neutral rating and $235 price target. The firm noted that SanDisk is well-positioned to capitalize on the AI-driven enterprise SSD supercycle, benefiting from a low-cost structure through its joint venture with Kioxia. However, JPMorgan cautioned that the company’s current pricing strength is likely a temporary cyclical peak rather than a permanent shift in th ...