Sandisk Corporation (NASDAQ:SNDK) Receives Average Rating of “Buy” from Brokerages

Sandisk Corporation (NASDAQ:SNDK) has received an average recommendation of “Buy” from the twenty-six ratings firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, twenty have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $1,999.2727.

Several equities research analysts have recently weighed in on SNDK shares. Sanford C. Bernstein reissued an “outperform” rating on shares of Sandisk in a research report on Thursday, August 6th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $2,200.00 price target on shares of Sandisk in a research report on Thursday, August 13th. New Street Research set a $3,000.00 price target on Sandisk in a research note on Thursday, August 6th. Argus raised Sandisk from a “hold” rating to a “buy” rating in a report on Monday, August 10th. Finally, Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk introduced new SATA and NVMe solid-state drives for high-performance network-attached storage (NAS), targeting prosumers, small businesses and private-cloud users. The expansion could diversify demand beyond hyperscale customers and strengthen its competitive position against Micron and Seagate. Can Sandisk’s NAS Expansion Help It Challenge MU & STX?
• Positive Sentiment: Some analysts and market commentators remain bullish on Sandisk’s long-term earnings potential, arguing that accelerating artificial-intelligence data creation should increase demand for storage. One published view cited a potential $3,000 price target, although such targets are highly dependent on continued memory-market strength. SanDisk Stock Trades at $1,600 with Analysts Eyeing $3,000 Target
• Neutral Sentiment: Technical analysts expect substantial volatility in AI-memory stocks in the coming weeks but remain constructive over the longer term. This supports the bullish thesis while warning investors that sharp swings and options-related risks may continue. Danielle Shay on MU, SNDK & STX Technical Analysis, Options Strategies
• Neutral Sentiment: Sandisk’s latest quarterly results were exceptionally strong, with revenue up 371.6% year over year and earnings exceeding consensus estimates. However, the stock’s very large rally has raised expectations, making future results and guidance increasingly important to valuation.
• Negative Sentiment: Bearish commentary argues that Sandisk’s valuation may be pricing in an unusually favorable memory cycle and could underestimate the industry’s historical cyclicality. Any slowdown in pricing, demand or margins could therefore trigger a significant correction. Sandisk: Bulls Are Misjudging Its Valuation And Cyclicality
• Negative Sentiment: Investors are also concerned that increased Chinese competition or supply pressure could undermine Sandisk’s pricing power and disrupt its parabolic rally. The new NAS products were not enough to offset those broader concerns during Friday’s session. SanDisk Stock Has Gone Parabolic. How China Could End the Party

Insider Buying and Selling

In related news, EVP Alper Ilkbahar sold 2,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total transaction of $697,296.00. Following the completion of the transaction, the insider directly owned 30,915 shares of the company’s stock, valued at approximately $35,928,176.40. This represents a 1.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,800 shares of company stock valued at $6,504,856 over the last quarter. Company insiders own 0.21% of the company’s stock.

Institutional Trading of Sandisk

Institutional investors and hedge funds have recently modified their holdings of the business. Syon Capital LLC lifted its position in shares of Sandisk by 61.6% in the 2nd quarter. Syon Capital LLC now owns 724 shares of the data storage provider’s stock worth $1,646,000 after buying an additional 276 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in shares of Sandisk by 2.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 22,532 shares of the data storage provider’s stock valued at $51,232,000 after buying an additional 449 shares during the last quarter. Premier Path Wealth Partners LLC grew its position in shares of Sandisk by 18.3% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 660 shares of the data storage provider’s stock valued at $1,501,000 after buying an additional 102 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake in Sandisk by 189.2% during the second quarter. Concurrent Investment Advisors LLC now owns 3,317 shares of the data storage provider’s stock worth $7,543,000 after acquiring an additional 2,170 shares during the period. Finally, NEOS Investment Management LLC raised its stake in Sandisk by 414.2% during the second quarter. NEOS Investment Management LLC now owns 109,085 shares of the data storage provider’s stock worth $248,030,000 after acquiring an additional 87,871 shares during the period.

Sandisk Trading Down 0.3%

Sandisk stock opened at $1,596.08 on Friday. Sandisk has a 52 week low of $45.63 and a 52 week high of $2,354.39. The stock has a market cap of $233.70 billion, a P/E ratio of 21.89, a price-to-earnings-growth ratio of 0.16 and a beta of 5.20. The stock has a 50 day moving average of $1,655.56 and a 200-day moving average of $1,220.12.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $33.28 by $5.97. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The business had revenue of $8.96 billion during the quarter. During the same quarter last year, the firm posted $0.29 EPS. The firm’s quarterly revenue was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, equities analysts predict that Sandisk will post 208.92 earnings per share for the current fiscal year.

Sandisk declared that its Board of Directors has approved a stock repurchase program on Wednesday, August 5th that permits the company to repurchase $14.00 billion in shares. This repurchase authorization permits the data storage provider to buy up to 6.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

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.