Sandisk (NASDAQ:SNDK) Stock Price Up 11.8% Following Analyst Upgrade

Sandisk Corporation (NASDAQ:SNDK)’s share price traded up 11.8% during trading on Monday after Citigroup raised their price target on the stock from $875.00 to $980.00. Citigroup currently has a buy rating on the stock. Sandisk traded as high as $953.41 and last traded at $952.50. 19,296,516 shares traded hands during mid-day trading, an increase of 0% from the average session volume of 19,239,326 shares. The stock had previously closed at $851.77.

SNDK has been the subject of several other reports. UBS Group set a $1,000.00 price objective on shares of Sandisk in a research note on Monday, February 2nd. The Goldman Sachs Group upped their target price on Sandisk from $320.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Wells Fargo & Company raised their target price on Sandisk from $230.00 to $380.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Barclays boosted their price target on Sandisk from $385.00 to $750.00 and gave the company an “equal weight” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Sandisk in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $659.95.

Insider Buying and Selling

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total value of $2,196,355.00. Following the sale, the director directly owned 9,907 shares of the company’s stock, valued at approximately $6,216,939.71. This represents a 26.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.21% of the company’s stock.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Nasdaq‑100 inclusion: Nasdaq confirmed SNDK will join the Nasdaq‑100 on April 20, which typically forces passive index flows and raises institutional visibility — a near‑term buyer for the shares. SanDisk shares rise on Nasdaq-100 inclusion
• Positive Sentiment: Analyst upgrade/price target lift: Citigroup raised its price target to $980 and reiterated a Buy rating, signaling incremental buy‑side interest and supporting the stock’s near‑term momentum. Citi raises price target
• Positive Sentiment: AI-driven NAND/DRAM demand & ETF spotlight: Broad market coverage highlights a memory shortage and surging AI data‑center demand; a new DRAM ETF aims to concentrate flows into memory names, which can amplify investor interest in SNDK as a beneficiary of the AI memory supercycle. This New ETF Aims to Capitalize on Surging AI Memory Chip Demand
• Neutral Sentiment: Momentum & technical attention: Commentators note SNDK has posted massive gains (multi‑thousand percent over 12 months) and is at new highs — that attracts momentum traders but also raises volatility risk and the need for active risk management. SanDisk Stock Is Up 2,640% in the Past Year
• Negative Sentiment: Caution on valuation & cyclicality: Critical analysis argues SNDK looks priced for “secular perfection” despite memory industry cyclicality — a pullback in NAND pricing or AI demand could trigger sharp downside after such a steep rally. Sandisk: A Cyclical Stock Priced For Secular Perfection

Institutional Investors Weigh In On Sandisk

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Galaxy Digital Capital Management GP LLC purchased a new position in shares of Sandisk during the 4th quarter valued at approximately $1,688,000. Purpose Unlimited Inc. purchased a new stake in shares of Sandisk during the fourth quarter worth about $237,000. Hsbc Holdings PLC increased its stake in shares of Sandisk by 351.1% during the fourth quarter. Hsbc Holdings PLC now owns 176,439 shares of the data storage provider’s stock worth $41,959,000 after purchasing an additional 246,699 shares in the last quarter. Stance Capital LLC purchased a new stake in shares of Sandisk during the fourth quarter worth about $1,373,000. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Sandisk by 2.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,313 shares of the data storage provider’s stock worth $786,000 after purchasing an additional 89 shares in the last quarter.

Sandisk Stock Up 11.8%

The firm has a market cap of $140.59 billion, a PE ratio of -125.49 and a beta of 5.04. The business’s 50 day moving average price is $652.35 and its 200 day moving average price is $390.41. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.11 and a quick ratio of 1.92.

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

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.