Sandisk (NASDAQ:SNDK) Stock Price Up 11.5% – Here’s Why

Posted by Francis Steltz on Jun 18th, 2026

Sandisk Corporation (NASDAQ:SNDK – Get Free Report)’s share price rose 11.5% during mid-day trading on Thursday . The company traded as high as $2,191.69 and last traded at $2,184.75. 11,998,274 shares changed hands during trading, a decline of 29% from the average daily volume of 16,925,775 shares. The stock had previously closed at $1,958.80.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Apple’s warning about “unavoidable” memory price hikes is reinforcing the bullish case for Sandisk and other memory names, since tighter supply could support higher selling prices and margins. Why Is SanDisk Stock Surging On Thursday?
Positive Sentiment: Multiple reports say Sandisk shares are benefiting from the same Apple-driven memory shortage theme, with premarket gains and renewed investor enthusiasm around AI-related storage demand. MU, SNDK, STX, WDC stocks rise after Apple chief warns of memory-driven price hikes
Positive Sentiment: Analysts and market commentary continue to highlight Sandisk’s AI memory opportunity, suggesting the rally is being supported by expectations for strong earnings growth and more upside ahead. Wall Street Sees More Upside for SanDisk Corporation (SNDK)’s AI Opportunity

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SNDK shares. Evercore reaffirmed an “outperform” rating and set a $1,400.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Wells Fargo & Company boosted their target price 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. Morgan Stanley upped their price target on Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Raymond James Financial reiterated an “outperform” rating and issued a $1,470.00 price target on shares of Sandisk in a research note on Friday, May 1st. Finally, Jefferies Financial Group reissued a “buy” rating and set a $1,400.00 price objective on shares of Sandisk in a report on Friday, May 1st. Three research 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,580.67.

Check Out Our Latest Stock Analysis on SNDK

Sandisk Stock Up 11.5%

The firm has a fifty day simple moving average of $1,366.71 and a 200-day simple moving average of $791.01. The company has a market cap of $323.54 billion, a PE ratio of 75.94 and a beta of 4.87.

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

Insider Buying and Selling at Sandisk

In related news, insider Bernard Shek sold 600 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $1,736.00, for a total value of $1,041,600.00. Following the completion of the sale, the insider owned 32,232 shares in the company, valued at $55,954,752. This represents a 1.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Pokorny sold 2,446 shares of the stock in a transaction on 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 sale, the chief accounting officer owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. This represents a 9.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 5,625 shares of company stock valued at $8,913,497. Insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Sandisk

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. purchased a new stake in Sandisk during the 3rd quarter valued at approximately $1,970,388,000. State Street Corp acquired a new position in shares of Sandisk in the third quarter valued at approximately $491,053,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Sandisk during the third quarter worth approximately $297,293,000. Norges Bank acquired a new stake in shares of Sandisk during the fourth quarter worth $518,889,000. Finally, Bank of America Corp DE acquired a new stake in shares of Sandisk during the third quarter worth $190,425,000.

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.