Sandisk (NASDAQ:SNDK) Shares Up 2.7% on Analyst Upgrade

Posted by Brian Himes on Aug 11th, 2026

Sandisk Corporation (NASDAQ:SNDK – Get Free Report) shares traded up 2.7% on Tuesday after Argus upgraded the stock from a hold rating to a buy rating. The company traded as high as $1,287.04 and last traded at $1,271.05. Approximately 9,321,711 shares traded hands during trading, a decline of 43% from the average daily volume of 16,452,178 shares. The stock had previously closed at $1,237.92.

A number of other research firms have also recently weighed in on SNDK. New Street Research set a $3,000.00 price objective on shares of Sandisk in a research report on Thursday, August 6th. Mizuho lifted their target price on Sandisk from $1,825.00 to $2,200.00 and gave the stock an “outperform” rating in a research report on Monday, June 8th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Sandisk in a research note on Thursday, August 6th. Cantor Fitzgerald increased their price target on Sandisk from $1,800.00 to $2,900.00 and gave the company an “overweight” rating in a report on Monday, June 8th. Finally, Royal Bank Of Canada raised their price objective on Sandisk from $1,000.00 to $1,300.00 and gave the company a “sector perform” rating in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Sandisk currently has an average rating of “Moderate Buy” and an average price target of $1,853.14.

Get Our Latest Analysis on Sandisk

Insider Buying and Selling at Sandisk

In other news, EVP Alper Ilkbahar sold 2,000 shares of the company’s 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 sale, the executive vice president owned 52,677 shares in the company, valued at approximately $92,531,364.66. This represents a 3.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bernard Shek sold 600 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total transaction of $697,296.00. Following the transaction, the insider directly owned 30,915 shares in the company, valued at $35,928,176.40. The trade was a 1.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 3,800 shares of company stock valued at $6,504,856. 0.21% of the stock is owned by company insiders.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Sandisk’s fiscal fourth-quarter results significantly exceeded expectations, with $39.25 in earnings per share versus a $33.28 consensus estimate and revenue of $8.97 billion, up 371.6% year over year. Management also projected fiscal first-quarter 2027 EPS of $44 to $46. Sandisk Q4 Earnings Call Centers on AI Demand and Long-Term Deals
Positive Sentiment: Investors are emphasizing strong AI-related demand for NAND storage, hyperscaler spending, pricing power, and multiyear customer contracts. Disciplined supply growth could help support margins and reduce the typical volatility of the NAND cycle. Prediction: Sandisk Will Reclaim Its All-Time High by the End of the Year
Positive Sentiment: Argus upgraded Sandisk from Hold to Buy, while other analyst commentary continues to describe the post-earnings weakness as a buying opportunity. Wall Street’s overall consensus remains bullish, with price targets implying additional upside. What’s Going On With Sandisk Stock Tuesday?
Neutral Sentiment: Several articles identify Sandisk as a potential stock-split candidate because its shares have risen more than 3,000% over the past year. However, no split has been announced, and a split would not change the company’s underlying value. Sandisk Has Surged More Than 3,000% in 12 Months. Is a Stock Split Coming?
Negative Sentiment: Risks include an exceptionally high valuation, a beta above 5, dependence on cyclical memory pricing, and uncertainty over how long AI-driven demand will remain strong. Mixed outlook commentary and profit-taking after the blowout quarter have contributed to sharp swings. The Two Primary Risks For SanDisk and What to Do Now

Institutional Trading of Sandisk

Several institutional investors and hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. acquired a new position in shares of Sandisk in the 2nd quarter worth approximately $317,000. Merit Financial Group LLC acquired a new stake in shares of Sandisk during the 3rd quarter valued at approximately $408,000. Dimensional Fund Advisors LP acquired a new stake in shares of Sandisk during the 3rd quarter valued at approximately $100,080,000. First Trust Advisors LP bought a new position in Sandisk during the third quarter worth $9,788,000. Finally, Blair William & Co. IL bought a new position in Sandisk during the third quarter worth $591,000.

Sandisk Price Performance

The stock has a market cap of $188.23 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 0.13 and a beta of 5.21. The business’s fifty day simple moving average is $1,689.51 and its 200 day simple moving average is $1,159.08.

Sandisk (NASDAQ:SNDK – Get Free Report) last released its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, beating the consensus estimate of $33.28 by $5.97. The firm had revenue of $8.96 billion during the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The firm’s revenue for the quarter was up 371.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, equities analysts forecast that Sandisk Corporation will post 187.19 EPS for the current fiscal year.

Sandisk declared that its board has approved a stock buyback plan on Wednesday, August 5th that allows the company to repurchase $14.00 billion in shares. This repurchase authorization allows the data storage provider to repurchase up to 6.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

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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