Sandisk Corporation (NASDAQ:SNDK) Receives $1,398.27 Average PT from Analysts

Posted by on Jun 15th, 2026

Shares of Sandisk Corporation (NASDAQ:SNDK – Get Free Report) have earned a consensus rating of “Moderate Buy” from the twenty-five analysts that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $1,580.6667.

Several equities analysts recently weighed in on SNDK shares. Cantor Fitzgerald lifted their target price on Sandisk from $1,800.00 to $2,900.00 and gave the company an “overweight” rating in a research report on Monday, June 8th. Morgan Stanley raised their price objective on Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Royal Bank Of Canada lifted their price objective on Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a research report on Friday, May 1st. Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Finally, Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th.

Get Our Latest Analysis on SNDK

Insider Buying and Selling

In other news, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the transaction, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at $31,910,777.50. The trade was a 9.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the transaction, the executive vice president directly owned 52,677 shares in the company, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 5,625 shares of company stock valued at $8,913,497 in the last 90 days. Corporate insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On Sandisk

Several large investors have recently made changes to their positions in the business. Parallel Advisors LLC lifted its position in shares of Sandisk by 233.3% in the first quarter. Parallel Advisors LLC now owns 1,430 shares of the data storage provider’s stock valued at $909,000 after acquiring an additional 1,001 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Sandisk by 187.2% in the first quarter. NewEdge Advisors LLC now owns 18,129 shares of the data storage provider’s stock valued at $11,518,000 after acquiring an additional 11,817 shares in the last quarter. Keel Point LLC purchased a new position in shares of Sandisk in the first quarter valued at about $314,000. Glenmede Trust Co. NA lifted its position in shares of Sandisk by 76.4% in the first quarter. Glenmede Trust Co. NA now owns 2,754 shares of the data storage provider’s stock valued at $1,750,000 after acquiring an additional 1,193 shares in the last quarter. Finally, Liontrust Investment Partners LLP purchased a new position in shares of Sandisk in the first quarter valued at about $11,892,000.

Sandisk Price Performance

Shares of SNDK opened at $1,980.10 on Monday. Sandisk has a one year low of $40.10 and a one year high of $2,021.65. The firm has a market capitalization of $293.23 billion, a P/E ratio of 68.83 and a beta of 4.88. The business has a fifty day moving average of $1,288.10 and a 200 day moving average of $752.93.

Sandisk (NASDAQ:SNDK – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping the consensus estimate of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company had revenue of $5.95 billion during the quarter. During the same period in the previous year, the firm earned ($0.30) EPS. The business’s revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Analysts expect that Sandisk will post 64.01 EPS for the current fiscal year.

About Sandisk

(Get Free Report)

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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Analyst Recommendations for Sandisk (NASDAQ:SNDK)

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