Sandisk (NASDAQ:SNDK) Stock Price Expected to Rise, Citigroup Analyst Says

Sandisk (NASDAQ:SNDK) had its target price increased by analysts at Citigroup from $150.00 to $280.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the data storage provider’s stock. Citigroup’s price target would suggest a potential upside of 16.92% from the stock’s previous close.

SNDK has been the topic of a number of other reports. Susquehanna lifted their price objective on Sandisk from $65.00 to $250.00 and gave the company a “positive” rating in a research report on Friday. Morgan Stanley boosted their target price on shares of Sandisk from $96.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday. The Goldman Sachs Group upped their target price on shares of Sandisk from $55.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Wedbush lifted their price target on shares of Sandisk from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday. Finally, Wells Fargo & Company boosted their price target on shares of Sandisk from $115.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Sandisk has an average rating of “Moderate Buy” and a consensus target price of $170.41.

Sandisk Stock Performance

Shares of NASDAQ SNDK traded up $31.79 during midday trading on Friday, hitting $239.48. 20,345,007 shares of the stock traded hands, compared to its average volume of 4,647,048. The firm has a market capitalization of $35.06 billion and a P/E ratio of -412.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.11 and a current ratio of 3.56. Sandisk has a one year low of $27.89 and a one year high of $240.00. The firm has a 50-day moving average of $122.53 and a two-hundred day moving average of $69.53.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.64. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Sandisk’s revenue for the quarter was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. CVA Family Office LLC purchased a new position in Sandisk in the third quarter worth about $28,000. Covestor Ltd purchased a new stake in Sandisk during the third quarter valued at approximately $37,000. Cromwell Holdings LLC bought a new stake in shares of Sandisk in the 3rd quarter valued at approximately $39,000. True Wealth Design LLC purchased a new position in shares of Sandisk in the 3rd quarter worth approximately $40,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Sandisk in the 3rd quarter worth approximately $41,000.

Sandisk Company Profile

SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components.