Sandisk Corporation (NASDAQ:SNDK) Receives $1,065.81 Average PT from Analysts

Shares of Sandisk Corporation (NASDAQ:SNDK) have received a consensus recommendation of “Moderate Buy” from the twenty-five brokerages that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, seventeen have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $1,157.1364.

SNDK has been the subject of a number of recent analyst reports. Evercore reaffirmed an “outperform” rating and set a $1,400.00 target price on shares of Sandisk in a research report on Friday, May 1st. KGI Securities initiated coverage on Sandisk in a research report on Wednesday, March 18th. They set an “outperform” rating and a $992.00 target price for the company. Wells Fargo & Company upped their target price on Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Wedbush upped their target price on Sandisk from $740.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada upped their target price on Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st.

Insiders Place Their Bets

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of the company’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 transaction of $2,196,355.00. Following the completion of the sale, the director owned 9,907 shares of the company’s stock, valued at $6,216,939.71. This represents a 26.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Necip Sayiner sold 579 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total value of $870,300.69. Following the completion of the sale, the director directly owned 2,900 shares of the company’s stock, valued at $4,359,019. This represents a 16.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 6,525 shares of company stock valued at $6,555,092 over the last 90 days. 0.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sandisk

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. bought a new stake in shares of Sandisk in the third quarter valued at approximately $1,970,388,000. State Street Corp boosted its position in shares of Sandisk by 20.7% in the fourth quarter. State Street Corp now owns 5,281,522 shares of the data storage provider’s stock valued at $1,253,728,000 after acquiring an additional 904,933 shares during the period. Geode Capital Management LLC boosted its position in shares of Sandisk by 44.9% in the fourth quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider’s stock valued at $866,310,000 after acquiring an additional 1,133,276 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Sandisk by 31.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,478,002 shares of the data storage provider’s stock valued at $825,608,000 after acquiring an additional 828,332 shares during the period. Finally, Morgan Stanley boosted its position in shares of Sandisk by 7.2% in the fourth quarter. Morgan Stanley now owns 2,970,361 shares of the data storage provider’s stock valued at $705,105,000 after acquiring an additional 199,545 shares during the period.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts turned more bullish on Sandisk after seeing stronger AI storage demand, with Citi and Melius raising price targets and citing upside from NAND pricing and hyperscale data center expansion.
• Positive Sentiment: Sandisk’s latest quarterly results showed explosive revenue growth and a large EPS beat, reinforcing the idea that the AI memory cycle is translating into real earnings power.
• Positive Sentiment: Commentary around Sandisk’s move up the value chain, including premium enterprise SSD products and partnerships, suggests margin expansion could continue if AI storage demand stays strong.
• Neutral Sentiment: Several pieces noted that SNDK has already had an enormous run, so some investors are questioning whether the stock’s valuation leaves enough room for further near-term gains.
• Negative Sentiment: The stock also faced pressure at times from broader chip-sector weakness, rising bond yields, and short-term profit-taking after its rapid climb.

Sandisk Stock Performance

Shares of NASDAQ SNDK opened at $1,392.56 on Thursday. The stock has a market cap of $206.22 billion, a price-to-earnings ratio of 48.40 and a beta of 4.82. The business has a 50 day simple moving average of $947.66 and a 200 day simple moving average of $580.59. Sandisk has a 52 week low of $35.79 and a 52 week high of $1,600.00.

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

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.