Sandisk (NASDAQ:SNDK) Price Target Raised to $300.00 at Bank of America

Sandisk (NASDAQ:SNDK) had its price objective raised by stock analysts at Bank of America from $270.00 to $300.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the data storage provider’s stock. Bank of America‘s price objective indicates a potential upside of 21.97% from the company’s current price.

Several other research analysts have also recently issued reports on SNDK. Wedbush lifted their target price on shares of Sandisk from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sandisk in a research report on Monday. Cantor Fitzgerald upped their price target on shares of Sandisk from $240.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Benchmark upped their price target on Sandisk from $125.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Finally, The Goldman Sachs Group boosted their target price on Sandisk from $55.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $193.29.

Sandisk Stock Up 0.4%

SNDK opened at $245.96 on Thursday. Sandisk has a 52 week low of $27.89 and a 52 week high of $284.76. The company has a quick ratio of 2.03, a current ratio of 3.29 and a debt-to-equity ratio of 0.14. The business’s fifty day simple moving average is $158.23 and its 200 day simple moving average is $84.00. The stock has a market cap of $36.05 billion and a PE ratio of 768.63.

Sandisk (NASDAQ:SNDK) last released its earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.64. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.12 billion. Sandisk’s revenue was up 22.6% on a year-over-year basis. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Hedge Funds Weigh In On Sandisk

A number of large investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. purchased a new stake in shares of Sandisk in the second quarter valued at approximately $317,000. Corient Private Wealth LLC purchased a new position in shares of Sandisk during the 2nd quarter worth approximately $353,000. Praxis Investment Management Inc. acquired a new position in Sandisk in the 3rd quarter valued at about $533,000. GAMMA Investing LLC purchased a new stake in Sandisk during the 3rd quarter worth approximately $439,000. Finally, Voya Investment Management LLC purchased a new stake in shares of Sandisk during the third quarter worth $8,917,000.

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.