Sandisk Corporation (NASDAQ:SNDK – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the twenty-five ratings firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $1,684.2381.
A number of research analysts have issued reports on the stock. Barclays raised shares of Sandisk from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Cantor Fitzgerald raised their target price on shares of Sandisk from $1,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. KGI Securities began coverage on shares of Sandisk in a research note on Wednesday, March 18th. They set an “outperform” rating and a $992.00 target price on the stock. Morgan Stanley boosted their price target on shares of Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Finally, Melius Research set a $2,350.00 price target on shares of Sandisk in a research note on Monday, May 18th.
Read Our Latest Analysis on Sandisk
Key Stories Impacting Sandisk
- Positive Sentiment: Sandisk announced sampling of its BiCS10 1Tb TLC 3D NAND flash memory, highlighting higher density, better power efficiency, and faster interface speeds for data-intensive workloads. Article Title
- Positive Sentiment: China Renaissance raised its price target on Sandisk to $3,169, citing strong AI storage demand, while Bank of America also lifted its target to $2,500 and reiterated a buy rating. Article Title
- Neutral Sentiment: Market commentary continued to frame Sandisk as a high-volatility AI infrastructure winner, with some analysts arguing that recent swings may be creating buying opportunities on dips. Article Title
- Negative Sentiment: Investor rotation away from AI chip and memory hardware names has hit Sandisk, with traders shifting toward AI software and raising concerns about a temporary memory-sector pullback. Article Title
- Negative Sentiment: Heavy profit-taking and broader supply-glut fears in memory stocks also weighed on Sandisk, adding to the sector-wide decline despite the company’s strong fundamentals. Article Title
- Negative Sentiment: Insider Bernard Shek sold 600 shares under a pre-arranged 10b5-1 plan, which may add a little caution even though the sale was disclosed as routine. Article Title
Insider Transactions at Sandisk
In other Sandisk news, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following the completion of the transaction, the insider owned 31,515 shares in the company, valued at approximately $65,803,320. The trade was a 1.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Necip Sayiner sold 579 shares of Sandisk stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total value of $870,300.69. Following the completion of the transaction, the director directly owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. This represents a 16.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,225 shares of company stock worth $10,166,297 in the last ninety days. 0.21% of the stock is owned by company insiders.
Institutional Trading of Sandisk
Several institutional investors have recently bought and sold shares of the company. Valley Wealth Managers Inc. bought a new stake in shares of Sandisk during the first quarter valued at approximately $25,000. Whittier Trust Co. bought a new position in Sandisk in the 4th quarter valued at approximately $26,000. Greenline Wealth Management LLC bought a new position in Sandisk in the 4th quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Sandisk during the 3rd quarter valued at $27,000. Finally, Chung Wu Investment Group LLC purchased a new stake in Sandisk during the 4th quarter valued at $27,000.
Sandisk Stock Performance
Shares of SNDK stock opened at $1,745.00 on Friday. The firm has a market cap of $258.42 billion, a P/E ratio of 60.65 and a beta of 4.72. Sandisk has a fifty-two week low of $40.10 and a fifty-two week high of $2,354.39. The business’s 50 day moving average price is $1,634.90 and its 200-day moving average price is $936.43.
Sandisk (NASDAQ:SNDK – Get Free Report) last announced its earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company had revenue of $5.95 billion during the quarter. During the same quarter in the prior year, the company earned ($0.30) EPS. Sandisk’s revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities analysts predict that Sandisk will post 64.01 EPS for the current 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.
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