Sandisk (NASDAQ:SNDK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sandisk (NASDAQ:SNDK) from a buy rating to a strong-buy rating in a report released on Saturday morning.

A number of other brokerages have also weighed in on SNDK. UBS Group reaffirmed a “buy” rating on shares of Sandisk in a research note on Friday. Jefferies Financial Group upped their target price on shares of Sandisk from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday. Benchmark increased their price target on shares of Sandisk from $260.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Zacks Research lowered shares of Sandisk from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 22nd. Finally, Citigroup boosted their price target on Sandisk from $280.00 to $490.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $542.85.

Sandisk Price Performance

SNDK stock opened at $665.24 on Friday. The stock has a market capitalization of $97.49 billion and a price-to-earnings ratio of -87.65. The firm’s 50-day moving average price is $317.63 and its two-hundred day moving average price is $184.96. The company has a current ratio of 3.11, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06. Sandisk has a 12-month low of $27.89 and a 12-month high of $676.69.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $2.89. The company had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The firm’s revenue was up 61.2% compared to the same quarter last year.

Insider Activity at Sandisk

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total value of $248,022.94. Following the sale, the director owned 3,479 shares in the company, valued at $678,892.06. The trade was a 26.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is owned by insiders.

Institutional Investors Weigh In On Sandisk

Institutional investors have recently modified their holdings of the stock. Composition Wealth LLC raised its holdings in shares of Sandisk by 0.4% in the 4th quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider’s stock valued at $2,445,000 after purchasing an additional 41 shares in the last quarter. Westfuller Advisors LLC boosted its position in Sandisk by 51.8% in the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after buying an additional 43 shares during the last quarter. Everhart Financial Group Inc. boosted its holdings in Sandisk by 3.4% in the fourth quarter. Everhart Financial Group Inc. now owns 2,058 shares of the data storage provider’s stock valued at $489,000 after purchasing an additional 67 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Sandisk by 71.6% in the fourth quarter. Assetmark Inc. now owns 175 shares of the data storage provider’s stock worth $42,000 after buying an additional 73 shares during the last quarter. Finally, Savvy Advisors Inc. boosted its position in Sandisk by 1.3% in the 4th quarter. Savvy Advisors Inc. now owns 6,930 shares of the data storage provider’s stock worth $1,645,000 after purchasing an additional 87 shares in the last quarter.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Q2 results and outlook beat expectations — SanDisk reported a strong quarter with revenue up sharply year-over-year and an earnings beat that investors are still digesting; the earnings momentum is the catalyst cited across outlets. SanDisk stocks rockets another 16% today
• Positive Sentiment: Major analyst price-target lifts and upgrades — Citigroup raised its target to $750 with a Buy rating, and other outlets report targets in the $690–$740 range, signaling Wall Street conviction that there’s more upside. Benzinga coverage of Citigroup price-target raise
• Positive Sentiment: Wall Street bullishness and big price targets — Several pieces highlight multi‑hundred percent gains since the spin‑off and some analysts projecting $1,000+ long-term targets, reinforcing momentum buying. Up 1,479%, Wall Street Sees Sandisk Hitting $1,000
• Positive Sentiment: Industry narrative: AI-driven NAND demand — Analysis pieces argue SanDisk is benefiting from structural NAND/AI demand, higher margins and strong unit economics versus cyclical peers, which supports a higher valuation multiple. Seeking Alpha: Smart money moving to Sandisk
• Neutral Sentiment: Momentum and retail-interest anecdotes — Coverage notes big individual gains (e.g., a publicized 54% return by a noted investor), which fuels retail interest but is anecdotal for fundamentals. TipRanks: Investor return anecdote
• Negative Sentiment: Sharp overbought/technical risk — Technical coverage flags the stock sitting hundreds of percent above its 200‑day moving average (reports cite ~380% above), which raises heightened short‑term pullback risk for momentum‑driven traders. Benzinga: 380% above 200-day average

Sandisk Company Profile

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.