Sandisk (NASDAQ:SNDK) Stock Price Up 10.7% – Should You Buy?

Shares of Sandisk Corporation (NASDAQ:SNDK) rose 10.7% on Thursday . The stock traded as high as $1,546.09 and last traded at $1,542.24. Approximately 13,594,121 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 18,120,721 shares. The stock had previously closed at $1,392.56.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Memory stocks are rebounding broadly, with SanDisk leading the group higher as traders buy back into NAND and AI-related semiconductor names after a recent selloff. SanDisk Soars 9%, Western Digital Rallies 5%, Micron Rises 3% as Memory Trade Reawakens
• Positive Sentiment: Analysts are highlighting AI-driven NAND demand, Sandisk’s move up the value chain, and improving fundamentals, with one note calling the stock undervalued relative to FY2027 earnings power. Sandisk: Moving Up The Value Chain And Cheap At 7x FY2027 P/E
• Positive Sentiment: Another bullish report says Sandisk’s AI pivot is changing the NAND narrative, suggesting investors are starting to price in stronger demand tied to data-center expansion. Sandisk’s AI Pivot Changes The NAND Narrative
• Positive Sentiment: Media coverage says Citigroup and Bernstein have raised bullish expectations for the stock, adding momentum to the rally as investors react to stronger forecast revisions. Why Is SanDisk Stock Surging On Thursday?
• Neutral Sentiment: Some commentary remains cautious, with one analyst saying the stock has run too far too fast even after acknowledging Sandisk’s improved business execution. SanDisk (SNDK) Has Surprised Me. I’m Still Not Buying the Stock Yet
• Neutral Sentiment: Jim Cramer’s latest remark that Sandisk “gotta let it come down more” reflects skepticism on valuation, but it does not appear to be overpowering the current bullish flow. Jim Cramer on Sandisk: “Gotta Let It Come Down More”

Wall Street Analysts Forecast Growth

SNDK has been the subject of several recent research reports. The Goldman Sachs Group restated a “buy” rating and issued a $1,200.00 price objective on shares of Sandisk in a report on Friday, May 1st. Citigroup lifted their price objective on Sandisk from $1,300.00 to $2,025.00 and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley restated an “overweight” rating and issued a $1,100.00 price objective on shares of Sandisk in a report on Monday, April 27th. KGI Securities initiated coverage on Sandisk in a report on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 price objective for the company. Finally, Barclays lifted their price objective on Sandisk from $750.00 to $1,200.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,157.14.

Sandisk Price Performance

The stock has a market cap of $228.39 billion, a price-to-earnings ratio of 53.61 and a beta of 4.82. The company’s fifty day moving average price is $947.66 and its 200-day moving average price is $580.59.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The firm had revenue of $5.95 billion for the quarter. During the same quarter last year, the company earned ($0.30) EPS. The business’s revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, sell-side analysts forecast that Sandisk Corporation will post 63.58 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the transaction, the chief accounting officer owned 22,375 shares in the company, valued at $31,910,777.50. This represents a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Miyuki Suzuki sold 3,500 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the transaction, the director owned 9,907 shares in the company, valued at approximately $6,216,939.71. This trade represents a 26.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 6,525 shares of company stock worth $6,555,092 over the last 90 days. 0.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sandisk

Large investors have recently bought and sold shares of the company. Valley Wealth Managers Inc. purchased a new stake in Sandisk in the first quarter valued at approximately $25,000. Whittier Trust Co. purchased a new stake in Sandisk in the fourth quarter valued at approximately $26,000. Greenline Wealth Management LLC purchased a new stake in Sandisk in the fourth quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Sandisk in the third quarter valued at approximately $27,000. Finally, Chung Wu Investment Group LLC purchased a new stake in Sandisk in the fourth quarter valued at approximately $27,000.

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