Sandisk (NASDAQ:SNDK) Raised to “Strong-Buy” at Zacks Research

Sandisk (NASDAQ:SNDK) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other research firms also recently issued reports on SNDK. Jefferies Financial Group reiterated a “buy” rating and issued a $1,400.00 price objective on shares of Sandisk in a report on Friday, May 1st. Evercore set a $3,100.00 target price on shares of Sandisk in a report on Monday, July 13th. Susquehanna reduced their target price on shares of Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating on the stock in a research report on Thursday, July 23rd. Melius Research set a $2,350.00 price target on shares of Sandisk in a research note on Monday, May 18th. Finally, Royal Bank Of Canada lifted their price target on shares of Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a research report on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,811.38.

Sandisk Stock Performance

Shares of NASDAQ:SNDK opened at $1,214.83 on Thursday. Sandisk has a 52-week low of $40.10 and a 52-week high of $2,354.39. The firm has a market capitalization of $179.90 billion, a P/E ratio of 42.23 and a beta of 4.74. The stock has a 50 day moving average price of $1,729.14 and a 200-day moving average price of $1,116.58.

Sandisk (NASDAQ:SNDK) last released its earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company had revenue of $5.95 billion during the quarter. During the same quarter in the previous year, the business earned ($0.30) EPS. The company’s revenue for the quarter was up 251.0% compared to the same quarter last year. On average, equities analysts forecast that Sandisk will post 64.52 EPS for the current fiscal year.

Insider Buying and Selling

In related 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 value 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. The trade was a 9.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Alper Ilkbahar sold 2,000 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the sale, the executive vice president directly owned 52,677 shares in the company, valued at $92,531,364.66. This trade represents a 3.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 6,225 shares of company stock valued at $10,166,297. 0.21% of the stock is owned by insiders.

Institutional Investors Weigh In On Sandisk

Several large investors have recently bought and sold shares of SNDK. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Sandisk during the 2nd quarter valued at about $34,000. Ramsey Quantitative Systems purchased a new position in shares of Sandisk in the second quarter worth approximately $50,000. Elevation Wealth Partners LLC boosted its holdings in shares of Sandisk by 114.3% in the second quarter. Elevation Wealth Partners LLC now owns 30 shares of the data storage provider’s stock worth $68,000 after buying an additional 16 shares during the last quarter. Valley Wealth Managers Inc. bought a new stake in Sandisk during the first quarter valued at approximately $25,000. Finally, IMG Wealth Management Inc. bought a new stake in Sandisk during the first quarter valued at approximately $29,000.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI infrastructure spending remains a major potential growth driver. Analysts point to more than $750 billion in expected 2026 Big Tech capital expenditures, which could support demand for Sandisk’s enterprise storage and memory products. Buy 5 AI Infrastructure Stocks as Big Tech’s Assure Lasting AI Frenzy
• Positive Sentiment: Microsoft’s roughly $190 billion capital-spending commitment and strong AI-related results helped revive optimism about data-center demand. Samsung also reported a sharp increase in chip profit and expects memory shortages to persist into 2028, supporting the broader industry outlook. Why Memory Stocks Are Roaring Back
• Positive Sentiment: Several bullish analyses argue that AI inference and enterprise storage may structurally improve NAND demand. Sandisk has reportedly exceeded earnings and revenue expectations for five consecutive quarters, while analysts have continued raising estimates. Sandisk’s Biggest Opportunity Yet
• Neutral Sentiment: Options traders expect a significant move around the August 5 earnings release. The event could bring a sharp rebound if results and guidance confirm AI demand, but it also creates elevated downside risk if expectations are missed. SanDisk Q4 Earnings Options Outlook
• Negative Sentiment: Investors remain concerned that Chinese competition could intensify another NAND downturn. Some analysts also warn that the AI boom may moderate before 2029, making Sandisk’s elevated valuation and ambitious price targets vulnerable. Sandisk Stock Slides as Chinese Competition Rattles NAND Outlook
• Negative Sentiment: The rapid reversal in memory stocks and recent forced selling have weakened sentiment, with Sandisk’s technical indicators reaching deeply oversold levels. That may attract bargain hunters, but it also highlights how sharply expectations and momentum have deteriorated. Is the Sandisk Stock Crash Over?

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.