Sandisk (NASDAQ:SNDK) Price Target Raised to $900.00

Sandisk (NASDAQ:SNDK) had its price target lifted by Bank of America from $850.00 to $900.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the data storage provider’s stock.

Several other equities analysts also recently commented on SNDK. UBS Group set a $1,000.00 target price on Sandisk in a research report on Monday, February 2nd. Raymond James Financial upgraded Sandisk from a “market perform” rating to an “outperform” rating and set a $725.00 price target for the company in a research note on Friday, January 30th. Wedbush upped their price objective on Sandisk from $600.00 to $740.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Cantor Fitzgerald increased their price objective on Sandisk from $550.00 to $800.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Finally, Wells Fargo & Company lifted their target price on Sandisk from $230.00 to $380.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $594.48.

Sandisk Stock Performance

Shares of SNDK stock opened at $677.86 on Monday. The company has a market capitalization of $100.05 billion and a price-to-earnings ratio of -89.31. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 3.11. The company has a 50-day simple moving average of $598.77 and a 200 day simple moving average of $336.61. Sandisk has a 52 week low of $27.89 and a 52 week high of $777.60.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $2.89. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.67 billion. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The business’s revenue for the quarter was up 61.2% on a year-over-year basis.

Insider Activity

In related news, Director Miyuki Suzuki sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total value of $2,196,355.00. Following the completion of the sale, the director directly owned 9,907 shares in the company, valued at approximately $6,216,939.71. The trade was a 26.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On Sandisk

Hedge funds have recently added to or reduced their stakes in the stock. Blair William & Co. IL grew its holdings in shares of Sandisk by 0.3% during the 4th quarter. Blair William & Co. IL now owns 5,287 shares of the data storage provider’s stock worth $1,255,000 after purchasing an additional 17 shares in the last quarter. Larson Financial Group LLC raised its stake in Sandisk by 20.2% in the fourth quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock valued at $52,000 after purchasing an additional 37 shares in the last quarter. Composition Wealth LLC lifted its position in Sandisk by 0.4% during the fourth quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider’s stock worth $2,445,000 after purchasing an additional 41 shares during the period. Westfuller Advisors LLC lifted its position in Sandisk by 51.8% during the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after purchasing an additional 43 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in Sandisk by 4.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,099 shares of the data storage provider’s stock worth $261,000 after buying an additional 46 shares in the last quarter.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Strategic stake and supply pact — SanDisk is committing roughly $1 billion to Nanya and tying the investment to a multi‑year supply arrangement, which should secure DRAM supply for Sandisk’s data‑center and AI products and support production scaling. Sandisk Investing $1 Billion in Nanya Technology
• Positive Sentiment: Analyst support remains — Some Wall Street analysts (Bank of America, Citi coverage cited) still see near‑term upside based on Sandisk’s strong revenue/earnings execution and positioning in the AI/data‑center market. Sandisk (NASDAQ:SNDK) Stock Price Expected to Rise, Bank of America Analyst Says
• Neutral Sentiment: Comparative positioning — Research notes highlight Sandisk’s large data‑center pipeline and multiyear deals versus peers (e.g., Analog Devices), useful context for longer‑term thesis but less immediately decisive on near‑term stock moves. SNDK vs. ADI: Which Semiconductor Stock Has an Edge in Data Centers?
• Negative Sentiment: Immediate market backlash — Shares slid after the Nanya deal announcement as some investors criticized the size/timing of the equity purchase and questioned capital allocation, driving intraday selling. SanDisk Stock (SNDK) Slumps 6% as Investors Give Thumbs Down to $1B Chip Maker Move
• Negative Sentiment: Demand risk from compression tech — Reports about Google’s new compression (TurboQuant) raised concern that improved data compression could reduce memory/demand growth, an incremental headline that amplified selling pressure. SanDisk (SNDK) Shares Slide 5% as Google Innovation Threatens Memory Demand
• Negative Sentiment: Valuation and momentum concerns — Some outlets warn the rally looks extended and the deal increases execution risk, prompting profit‑taking at current lofty market caps. Sandisk Slips 6% as a $1 Billion Investment in Nanya Technology Divides Investors

About Sandisk

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. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.