Sandisk (NASDAQ:SNDK) Shares Up 1.4% – Here’s Why

Posted by Geri Gentry on Oct 26th, 2026

Sandisk Corporation (NASDAQ:SNDK – Get Free Report) shares rose 1.4% during mid-day trading on Monday. The company traded as high as $1,287.84 and last traded at $1,255.58. 6,540,936 shares were traded during trading, a decline of 56% from the average daily volume of 14,874,354 shares. The stock had previously closed at $1,238.03.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Improving memory demand outlook: Bank of America said memory customers are increasingly locking in supply for multiple years, supporting pricing visibility and lifting memory and storage stocks, including Sandisk. Bank of America memory industry article
Positive Sentiment: Bullish earnings expectations: Analysts expect another strong quarterly performance, citing long-term agreements with hyperscale customers and margin floors that could provide revenue and earnings visibility through 2029–2030. Sandisk earnings preview
Positive Sentiment: Analyst remains constructive: Cantor Fitzgerald maintained an “overweight” rating despite reducing its price target from $2,900 to $2,200, implying substantial upside from recent levels. Cantor Fitzgerald analyst ratings
Neutral Sentiment: Upcoming earnings are a major catalyst: Sandisk’s results will indicate whether AI-related storage demand continues to exceed supply after the stock’s recent selloff. Options markets are also pricing in an unusually large post-earnings move. Sandisk AI storage earnings article
Negative Sentiment: Supply-chain concerns and elevated expectations remain risks: Reports of tightening memory-production timelines could constrain deliveries, while skepticism about a peak in the AI-storage cycle has contributed to a sharp recent decline. Although Sandisk posted a record fiscal year, the stock remains well below its 52-week high, leaving earnings guidance especially important. Sandisk supply-chain constraints article

Analyst Ratings Changes

Several research analysts have weighed in on the company. Arete Research upped their target price on Sandisk from $2,300.00 to $3,000.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Cantor Fitzgerald lowered their price target on Sandisk from $2,900.00 to $2,200.00 and set an “overweight” rating for the company in a research note on Monday. Jefferies Financial Group restated a “buy” rating and issued a $1,400.00 price objective (up from $1,000.00) on shares of Sandisk in a report on Thursday, August 6th. Mizuho raised their price objective on shares of Sandisk from $1,875.00 to $2,050.00 and gave the company an “outperform” rating in a research report on Tuesday, October 6th. Finally, Bank of America lifted their target price on shares of Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,093.73.

View Our Latest Report on Sandisk

Sandisk Trading Up 1.4%

The stock has a market capitalization of $181.47 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 0.12 and a beta of 5.23. The company has a fifty day moving average of $1,595.43 and a two-hundred day moving average of $1,525.70.

Sandisk (NASDAQ:SNDK – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating the consensus estimate of $33.28 by $5.97. The company had revenue of $8.96 billion for the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%. The company’s revenue for the quarter was up 371.6% on a year-over-year basis. During the same quarter last year, the business earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, sell-side analysts predict that Sandisk Corporation will post 208.94 earnings per share for the current fiscal year.

Sandisk declared that its Board of Directors has approved a stock repurchase program on Wednesday, August 5th that permits the company to buy back $14.00 billion in outstanding shares. This repurchase authorization permits the data storage provider to purchase up to 6.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Activity

In other Sandisk news, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $1,734.94, for a total value of $1,040,964.00. Following the sale, the insider owned 25,588 shares of the company’s stock, valued at $44,393,644.72. This trade represents a 2.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,841 shares of Sandisk stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the completion of the transaction, the chief executive officer directly owned 382,865 shares in the company, valued at approximately $602,709,911.65. This represents a 8.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 77,899 shares of company stock valued at $121,159,122 over the last three months. 0.29% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sandisk

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Atomic Invest LLC acquired a new stake in Sandisk during the second quarter worth about $25,000. Dunhill Financial LLC acquired a new position in Sandisk in the 2nd quarter valued at approximately $30,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Sandisk in the 2nd quarter valued at approximately $32,000. Kilter Group LLC bought a new stake in shares of Sandisk in the 2nd quarter worth approximately $32,000. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in shares of Sandisk in the 2nd quarter worth approximately $34,000.

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.