Mizuho Increases Sandisk (NASDAQ:SNDK) Price Target to $1,825.00

Sandisk (NASDAQ:SNDK) had its target price boosted by investment analysts at Mizuho from $1,625.00 to $1,825.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the data storage provider’s stock. Mizuho’s price target indicates a potential upside of 14.78% from the stock’s previous close.

SNDK has been the subject of several other research reports. Citigroup upped their target price on shares of Sandisk from $1,300.00 to $2,025.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Wells Fargo & Company upped their target price on shares of Sandisk from $975.00 to $1,250.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Barclays upgraded shares of Sandisk from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $1,200.00 to $2,300.00 in a research report on Tuesday. UBS Group set a $1,700.00 target price on shares of Sandisk in a research report on Monday, May 4th. Finally, Zacks Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $1,234.64.

Sandisk Trading Up 0.0%

NASDAQ:SNDK opened at $1,589.94 on Thursday. Sandisk has a 1 year low of $36.21 and a 1 year high of $1,658.77. The firm has a 50 day moving average of $1,036.08 and a 200-day moving average of $627.45. The stock has a market capitalization of $235.45 billion, a P/E ratio of 55.26 and a beta of 4.82.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping 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 during the quarter. During the same quarter last year, the firm earned ($0.30) EPS. The business’s revenue for the quarter was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, analysts forecast that Sandisk will post 63.58 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. This represents a 9.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the completion of the transaction, the director directly owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. The trade was a 16.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sandisk

Large investors have recently modified their holdings of the business. Valley Wealth Managers Inc. acquired a new position in shares of Sandisk during the 1st quarter worth about $25,000. Whittier Trust Co. acquired a new position in shares of Sandisk during the 4th quarter worth about $26,000. Greenline Wealth Management LLC acquired a new position in shares of Sandisk during the 4th quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Sandisk during the 3rd quarter worth about $27,000. Finally, Chung Wu Investment Group LLC acquired a new position in shares of Sandisk during the 4th quarter worth about $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.