Sandisk (NASDAQ:SNDK) Stock Price Up 3.3% After Analyst Upgrade

Posted by Brenda Bartman on May 28th, 2026

Shares of Sandisk Corporation (NASDAQ:SNDK – Get Free Report) traded up 3.3% during trading on Thursday after Mizuho raised their price target on the stock from $1,625.00 to $1,825.00. Mizuho currently has an outperform rating on the stock. Sandisk traded as high as $1,697.96 and last traded at $1,641.64. 9,892,209 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 17,839,148 shares. The stock had previously closed at $1,589.94.

A number of other analysts have also commented on SNDK. Sanford C. Bernstein boosted their price objective on shares of Sandisk from $1,250.00 to $1,700.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,400.00 price target on shares of Sandisk in a research report on Friday, May 1st. KGI Securities initiated coverage on shares of Sandisk in a research report on Wednesday, March 18th. They set an “outperform” rating and a $992.00 price target on the stock. Arete Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Finally, UBS Group set a $1,700.00 price target on shares of Sandisk in a research report on Monday, May 4th. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $1,234.64.

Read Our Latest Report on Sandisk

Insider Buying and Selling at Sandisk

In other news, CAO Michael Pokorny sold 2,446 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the transaction, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at $31,910,777.50. This represents a 9.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Necip Sayiner sold 579 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the completion of the transaction, the director directly owned 2,900 shares in the company, valued at $4,359,019. The trade was a 16.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.21% of the company’s stock.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Barclays and Mizuho both raised their price targets on Sandisk, with analysts pointing to surging AI storage demand, strong pricing, and a long-term contract strategy that could support earnings growth. Analyst price target raise news
Positive Sentiment: Wall Street’s broader bullishness on memory stocks is spilling over into SNDK, after Micron’s rally and a fresh wave of positive sector calls lifted semiconductor peers. Memory stock rally article
Positive Sentiment: SanDisk also got attention for winning 2026 Red Dot Design Awards, adding another headline that reinforced positive investor sentiment around the brand. Red Dot Design Awards article
Positive Sentiment: Recent commentary also highlighted Sandisk’s explosive post-spinout performance and suggested the AI memory boom may still have room to run, even after the stock’s huge multi-month advance. Zacks AI memory boom article
Neutral Sentiment: Short-interest data was reported as essentially flat/invalid due to zero shares, so it does not appear to be a meaningful trading catalyst today.

Hedge Funds Weigh In On Sandisk

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. bought a new position in shares of Sandisk in the third quarter valued at about $1,970,388,000. State Street Corp raised its position in shares of Sandisk by 20.7% in the fourth quarter. State Street Corp now owns 5,281,522 shares of the data storage provider’s stock valued at $1,253,728,000 after purchasing an additional 904,933 shares during the period. Geode Capital Management LLC raised its position in shares of Sandisk by 44.9% in the fourth quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider’s stock valued at $866,310,000 after purchasing an additional 1,133,276 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Sandisk by 31.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,478,002 shares of the data storage provider’s stock valued at $825,608,000 after purchasing an additional 828,332 shares during the period. Finally, Morgan Stanley raised its position in shares of Sandisk by 7.2% in the fourth quarter. Morgan Stanley now owns 2,970,361 shares of the data storage provider’s stock valued at $705,105,000 after purchasing an additional 199,545 shares during the period.

Sandisk Price Performance

The company’s 50-day moving average price is $1,036.08 and its two-hundred day moving average price is $627.45. The company has a market capitalization of $243.11 billion, a P/E ratio of 57.06 and a beta of 4.82.

Sandisk (NASDAQ:SNDK – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating the consensus estimate of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business had revenue of $5.95 billion for the quarter. During the same quarter last year, the company posted ($0.30) earnings per share. The company’s revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, analysts anticipate that Sandisk Corporation will post 63.58 earnings per share for the current fiscal year.

Sandisk Company Profile

(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.