Sandisk (NASDAQ:SNDK) Stock Price Up 2.7% – Should You Buy?

Posted by George Bondi on Jul 20th, 2026

Sandisk Corporation (NASDAQ:SNDK – Get Free Report)’s share price rose 2.7% during mid-day trading on Monday . The company traded as high as $1,454.99 and last traded at $1,390.95. Approximately 12,371,526 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 16,414,275 shares. The stock had previously closed at $1,354.82.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Memory stocks, including Sandisk, are rebounding as investors buy the dip after last week’s semiconductor rout. The Memory Stock Sell-Off Created a ‘Strong Entry Point,’ Says Morgan Stanley. Investors Are Buying In.
Positive Sentiment: Broad semiconductor strength is lifting Sandisk as the sector recovers, with related reports noting strong afternoon trading in memory stocks. Micron Jumps 5%, SanDisk Rises 6%, Western Digital Climbs 4% as Memory Stocks Rebound With Chips
Positive Sentiment: Analysts and market commentators are framing Sandisk as a beneficiary of the AI memory boom and a potential buying opportunity after the pullback. Micron or SanDisk: One AI Memory Stock Is a Bargain, the Other Has Lost Its Mojo, Says Investor
Neutral Sentiment: Earlier coverage highlighted Sandisk’s powerful operating results and bullish long-term AI-storage thesis, which may be supporting investor confidence in the stock. Sandisk: The Math Supporting A Rare Opportunity
Neutral Sentiment: Other recent articles continued to emphasize the AI-driven memory shortage and Sandisk’s strong year-to-date run, but they did not introduce a new catalyst. Sandisk: Even After a 580% Rise in 2026, It’s Still a Screaming Buy

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $1,200.00 target price on shares of Sandisk in a report on Friday, May 1st. Jefferies Financial Group restated a “buy” rating and set a $1,400.00 price target on shares of Sandisk in a research note on Friday, May 1st. Wedbush raised their price objective on shares of Sandisk from $1,200.00 to $2,000.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Cantor Fitzgerald boosted their target price on shares of Sandisk from $1,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Finally, Arete Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sandisk has an average rating of “Moderate Buy” and a consensus price target of $1,803.29.

View Our Latest Report on Sandisk

Sandisk Stock Up 2.7%

The company has a market capitalization of $205.99 billion, a price-to-earnings ratio of 48.35 and a beta of 4.74. The company has a 50 day simple moving average of $1,746.25 and a 200 day simple moving average of $1,048.16.

Sandisk (NASDAQ:SNDK – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The firm had revenue of $5.95 billion during the quarter. During the same quarter in the prior year, the company earned ($0.30) EPS. The firm’s revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, research analysts forecast that Sandisk Corporation will post 64.52 EPS for the current fiscal year.

Insider Transactions at Sandisk

In other Sandisk news, Director Necip Sayiner sold 579 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total value of $870,300.69. Following the sale, the director directly owned 2,900 shares in the company, valued at approximately $4,359,019. This trade represents a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were 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 of the company’s stock, valued at approximately $92,531,364.66. This trade represents a 3.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 6,225 shares of company stock valued at $10,166,297. 0.21% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sandisk

Several institutional investors have recently bought and sold shares of SNDK. Valley Wealth Managers Inc. purchased a new position in Sandisk in the 1st quarter worth about $25,000. Whittier Trust Co. acquired a new position in shares of Sandisk in the fourth quarter worth $26,000. Greenline Wealth Management LLC acquired a new position in Sandisk in the 4th quarter worth about $26,000. Chung Wu Investment Group LLC bought a new position in Sandisk during the fourth quarter valued at approximately $27,000. Finally, IMG Wealth Management Inc. bought a new position in shares of Sandisk during the 1st quarter valued at $29,000.

Sandisk Company Profile

(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.