Sandisk (NASDAQ:SNDK) Price Target Cut to $2,200.00 by Analysts at Cantor Fitzgerald

Posted by Brenda Bartman on Oct 26th, 2026

Sandisk (NASDAQ:SNDK – Get Free Report) had its price target dropped by analysts at Cantor Fitzgerald from $2,900.00 to $2,200.00 in a report released on Monday, Benzinga reports. The firm presently has an “overweight” rating on the data storage provider’s stock. Cantor Fitzgerald‘s price target indicates a potential upside of 77.70% from the company’s previous close.

Several other equities research analysts also recently issued reports on SNDK. Argus upgraded shares of Sandisk from a “hold” rating to a “buy” rating and set a $1,600.00 target price for the company in a research note on Monday, August 10th. Mizuho boosted their price target on Sandisk from $1,875.00 to $2,050.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 6th. Citigroup restated a “buy” rating on shares of Sandisk in a research note on Thursday, October 1st. Evercore reaffirmed an “outperform” rating and issued a $3,100.00 price objective (up from $1,400.00) on shares of Sandisk in a research report on Thursday, August 13th. Finally, China Renaissance lifted their target price on Sandisk from $2,000.00 to $2,250.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,093.73.

Read Our Latest Research Report on SNDK

Sandisk Stock Performance

Shares of Sandisk stock opened at $1,238.03 on Monday. The business’s 50 day simple moving average is $1,595.43 and its 200 day simple moving average is $1,525.70. Sandisk has a 52-week low of $164.56 and a 52-week high of $2,354.39. The firm has a market cap of $178.93 billion, a PE ratio of 16.98, a P/E/G ratio of 0.12 and a beta of 5.23.

Sandisk (NASDAQ:SNDK – Get Free Report) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping the consensus estimate of $33.28 by $5.97. The business 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 business’s revenue for the quarter was up 371.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, equities research analysts predict that Sandisk will post 208.94 EPS for the current year.

Sandisk announced that its board has authorized a stock buyback plan on Wednesday, August 5th that permits the company to buy back $14.00 billion in outstanding shares. This buyback authorization permits the data storage provider to reacquire up to 6.6% of its stock through open market purchases. Share buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Sandisk

In other Sandisk news, EVP Alper Ilkbahar sold 4,712 shares of the company’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $1,540.58, for a total value of $7,259,212.96. Following the completion of the transaction, the executive vice president owned 44,134 shares of the company’s stock, valued at $67,991,957.72. This represents a 9.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 600 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $1,734.94, for a total value of $1,040,964.00. Following the completion of the transaction, the insider owned 25,588 shares of the company’s stock, valued at $44,393,644.72. This represents a 2.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 77,899 shares of company stock worth $121,159,122. 0.29% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Dogwood Wealth Management LLC boosted its holdings in shares of Sandisk by 14.3% during the 2nd quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider’s stock valued at $109,000 after acquiring an additional 6 shares during the last quarter. Nilsine Partners LLC grew its stake in shares of Sandisk by 3.2% in the second quarter. Nilsine Partners LLC now owns 226 shares of the data storage provider’s stock worth $514,000 after acquiring an additional 7 shares during the period. Insight Wealth Partners LLC raised its holdings in shares of Sandisk by 0.4% during the second quarter. Insight Wealth Partners LLC now owns 1,607 shares of the data storage provider’s stock valued at $3,654,000 after purchasing an additional 7 shares during the last quarter. Cornerstone Financial Management LLC raised its holdings in shares of Sandisk by 60.0% during the second quarter. Cornerstone Financial Management LLC now owns 24 shares of the data storage provider’s stock valued at $55,000 after purchasing an additional 9 shares during the last quarter. Finally, LifeGoal Investments LLC raised its holdings in shares of Sandisk by 3.9% during the third quarter. LifeGoal Investments LLC now owns 242 shares of the data storage provider’s stock valued at $421,000 after purchasing an additional 9 shares during the last quarter.

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.