Sandisk Corporation (NASDAQ:SNDK – Get Free Report)’s share price was up 6.7% during trading on Wednesday . The company traded as high as $1,861.00 and last traded at $1,831.50. Approximately 11,596,630 shares traded hands during trading, a decline of 34% from the average daily volume of 17,513,998 shares. The stock had previously closed at $1,716.36.
Sandisk News Roundup
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Morgan Stanley raised its price target on Sandisk by 59% and pointed to further upside, reinforcing the view that AI-driven memory demand and tight NAND supply could keep earnings strong. SNDK stock hits record high: Morgan Stanley raises PT by 59%, sees further upside ahead
- Positive Sentiment: Several articles highlighted Sandisk as a major AI infrastructure beneficiary, citing strong revenue growth, high gross margins, zero debt, and long-term customer agreements that improve cash-flow visibility. Sandisk’s AI Storage Moment Is Just Getting Started
- Positive Sentiment: Market coverage said Sandisk hit a record high as analysts boosted targets and investors continued to rotate into AI memory names, with reports also noting bullish calls from Goldman Sachs and Barclays. What Is Going On With SanDisk Stock On Thursday?
- Neutral Sentiment: Some commentary praised Sandisk’s massive rally and AI exposure, but also raised valuation questions after the stock’s extraordinary move higher this year. Sandisk stock is firing on all cylinders: is a day of reckoning coming?
- Negative Sentiment: Bearish notes warned that broader chip-sector weakness, Broadcom’s softer AI outlook, and new competition could pressure memory stocks and spark a pullback in Sandisk. Micron (MU), SanDisk (SNDK) Stocks Slide after Broadcom Outlook and New Competition Threat
- Negative Sentiment: A valuation-focused piece argued Sandisk may have outrun fundamentals, implying meaningful downside if investors decide the stock’s rapid gains have gone too far. Price Prediction: Up 1400% in 2026, This Is Where We See SanDisk Heading
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Susquehanna upped their target price on shares of Sandisk from $2,000.00 to $3,250.00 and gave the company a “positive” rating in a report on Friday, May 29th. Mizuho upped their price objective on shares of Sandisk from $1,625.00 to $1,825.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Bank of America raised their target price on shares of Sandisk from $900.00 to $1,080.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Barclays raised shares of Sandisk from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $1,200.00 to $2,300.00 in a research note on Tuesday, May 26th. Finally, Wells Fargo & Company increased their price target on Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,398.27.
Sandisk Stock Down 6.6%
The business’s fifty day moving average is $1,157.00 and its 200-day moving average is $689.74. The stock has a market capitalization of $243.35 billion, a PE ratio of 57.04 and a beta of 4.87.
Sandisk (NASDAQ:SNDK – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company had revenue of $5.95 billion for the quarter. During the same period in the prior year, the business 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, sell-side analysts anticipate that Sandisk Corporation will post 63.58 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, 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 transaction of $870,300.69. Following the completion of the sale, the director owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. This represents a 16.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Michael Pokorny sold 2,446 shares of the firm’s stock in a transaction that occurred on 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 completion of 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 disclosure for this sale is available in the SEC filing. Insiders sold 5,025 shares of company stock worth $7,871,897 over the last three months. 0.21% of the stock is owned by insiders.
Institutional Investors Weigh In On Sandisk
Institutional investors have recently bought and sold shares of the business. GHP Investment Advisors Inc. grew its holdings in Sandisk by 12.0% during the 1st quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock valued at $77,000 after purchasing an additional 13 shares in the last quarter. Blair William & Co. IL increased its stake in 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 buying an additional 17 shares during the period. Empirical Finance LLC lifted its holdings in Sandisk by 0.7% in the 1st quarter. Empirical Finance LLC now owns 3,535 shares of the data storage provider’s stock worth $2,246,000 after buying an additional 24 shares in the last quarter. SOA Wealth Advisors LLC. boosted its position in Sandisk by 108.0% in the 1st quarter. SOA Wealth Advisors LLC. now owns 52 shares of the data storage provider’s stock valued at $33,000 after buying an additional 27 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in Sandisk by 20.2% in the 4th quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock valued at $52,000 after buying an additional 37 shares during the last quarter.
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.
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