Sandisk (NASDAQ:SNDK) Reaches New 1-Year High After Analyst Upgrade

Sandisk Corporation (NASDAQ:SNDK)’s share price reached a new 52-week high during mid-day trading on Tuesday after Citigroup raised their price target on the stock from $490.00 to $750.00. Citigroup currently has a buy rating on the stock. Sandisk traded as high as $694.52 and last traded at $694.52, with a volume of 1127280 shares traded. The stock had previously closed at $665.24.

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada restated a “sector perform” rating and set a $650.00 price objective on shares of Sandisk in a research report on Friday. UBS Group set a $1,000.00 price target on shares of Sandisk in a research report on Monday. China Renaissance began coverage on Sandisk in a research report on Friday, December 5th. They set a “buy” rating and a $322.00 target price on the stock. Bank of America raised their price target on Sandisk from $300.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Sandisk in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $542.85.

Insider Activity at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of Sandisk stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total value of $248,022.94. Following the sale, the director owned 3,479 shares of the company’s stock, valued at $678,892.06. The trade was a 26.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Q2 earnings beat and AI demand: Q2 results showed ~60% revenue growth to about $3B, huge net-income improvement and margin expansion — the core catalyst investors cite for the rally. SanDisk Stock (SNDK) Opinions on Q2 Earnings Beat
• Positive Sentiment: Analyst upgrades and big price-target hikes: Multiple firms have raised ratings/targets (examples include large raises to the $700–$800 area and other multi-hundred-percent upside scenarios), which is drawing fresh buy interest. Sandisk (SNDK) Soars as Berstein Hikes PT by 72%
• Positive Sentiment: Supply/partnership tailwind — Kioxia venture extension: An extension to the SanDisk–Kioxia venture is being promoted as supportive of AI-focused flash growth and helps justify a higher valuation on persistent NAND demand. Sandisk Kioxia Venture Extension Supports AI Flash Growth And Valuation Gap
• Neutral Sentiment: Market context: Broad-market futures and weekly momentum are positive, which is amplifying the stock’s move but is not a company-specific driver. Stock Market Today: S&P 500, Nasdaq 100 Futures Gain Amid Gold, Silver Rebound—Palantir Technologies, SanDisk, PepsiCo In Focus
• Neutral Sentiment: Mixed institutional flows: Quiver data shows many institutions both adding and trimming SNDK — a sign of reallocation into a high-conviction thematic trade but also profit-taking by some large holders. SanDisk Stock (SNDK) Opinions on Q2 Earnings Beat
• Negative Sentiment: Technical & crowding risk: The stock is extremely extended vs. moving averages (several-hundred-percent above the 200‑day), prompting warnings about parabolic positioning and short‑interest/hard‑to‑borrow signals that can increase volatility and downside risk. This SanDisk’s Stock Chart Is Shocking Every Trader: 380% Above The 200-Day Average
• Negative Sentiment: Insider/institutional selling noted: Small insider sales and large prior institutional reductions (reported in filings) are being flagged by some traders as potential sources of selling pressure on rallies. SanDisk Stock (SNDK) Opinions on Q2 Earnings Beat

Institutional Investors Weigh In On Sandisk

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. acquired a new position in shares of Sandisk during the 2nd quarter worth $317,000. Corient Private Wealth LLC acquired a new position in Sandisk during the second quarter worth about $353,000. Praxis Investment Management Inc. purchased a new position in Sandisk in the third quarter valued at about $533,000. GAMMA Investing LLC purchased a new stake in shares of Sandisk during the 3rd quarter worth approximately $439,000. Finally, Voya Investment Management LLC acquired a new stake in shares of Sandisk in the 3rd quarter worth approximately $8,917,000.

Sandisk Stock Performance

The firm has a fifty day moving average of $317.63 and a 200-day moving average of $184.96. The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $101.78 billion and a price-to-earnings ratio of -91.50.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $2.89. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.67 billion. The business’s quarterly revenue was up 61.2% on a year-over-year basis.

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.