Sandisk (NASDAQ:SNDK) Now Covered by JPMorgan Chase & Co.

Posted by George Bondi on Aug 15th, 2026

JPMorgan Chase & Co. assumed coverage on shares of Sandisk (NASDAQ:SNDK – Free Report) in a report published on Friday morning, Marketbeat.com reports. The firm issued an overweight rating and a $2,250.00 price objective on the data storage provider’s stock.

Several other equities research analysts have also commented on the stock. Barclays upgraded shares of Sandisk from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Zacks Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Citigroup reduced their price target on shares of Sandisk from $2,500.00 to $2,100.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Bank of America increased their price target on shares of Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Finally, Weiss Ratings cut shares of Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 21st. Three analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $1,999.27.

Read Our Latest Research Report on Sandisk

Sandisk Stock Performance

Shares of SNDK stock opened at $1,641.11 on Friday. The stock has a fifty day moving average price of $1,667.87 and a 200 day moving average price of $1,181.08. The stock has a market cap of $243.03 billion, a PE ratio of 22.51, a P/E/G ratio of 0.15 and a beta of 5.20. Sandisk has a 1 year low of $42.82 and a 1 year high of $2,354.39.

Sandisk (NASDAQ:SNDK – Get Free Report) last posted its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, beating the consensus estimate of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The company had revenue of $8.96 billion for the quarter. During the same period last year, the company posted $0.29 EPS. The firm’s revenue for the quarter was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, equities research analysts predict that Sandisk will post 208.92 earnings per share for the current year.

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

Insider Buying and Selling

In other Sandisk news, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total value of $697,296.00. Following the completion of the sale, the insider directly owned 30,915 shares of the company’s stock, valued at approximately $35,928,176.40. The trade was a 1.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the sale, the executive vice president directly owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. This represents a 3.66% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 3,800 shares of company stock valued at $6,504,856. Company insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Sandisk in the 2nd quarter valued at about $23,408,732,000. State Street Corp increased its position in Sandisk by 20.7% during the 4th quarter. State Street Corp now owns 5,281,522 shares of the data storage provider’s stock worth $1,253,728,000 after purchasing an additional 904,933 shares in the last quarter. Geode Capital Management LLC increased its position in Sandisk by 44.9% during the 4th quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider’s stock worth $866,310,000 after purchasing an additional 1,133,276 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in 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 buying an additional 828,332 shares during the period. Finally, Morgan Stanley raised its holdings in 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 buying an additional 199,545 shares during the period.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Sandisk outlined an ambitious long-term financial model, including approximately 80% gross margins, 75% operating margins, 50% free-cash-flow margins and mid-to-high-teens revenue growth through the end of the decade. Management also highlighted long-term customer agreements intended to reduce exposure to the traditional memory boom-and-bust cycle. SanDisk Surges 55% From its July Low: Wall Street Just Got a New Roadmap
Positive Sentiment: J.P. Morgan began coverage with an Overweight rating and a $2,250 price target, while Wedbush reaffirmed Outperform with a $2,000 target. Evercore ISI also maintained its Buy rating and $2,800 target. The recommendations reinforce expectations for additional earnings growth and potential shareholder returns. Sandisk Stock Tops the S&P 500 as Analysts Rally Behind Its AI Expansion
Positive Sentiment: Analysts are raising earnings estimates following strong quarterly results and the Investor Day presentation. The company’s latest quarter significantly exceeded consensus expectations, while AI data-center demand and new flash-storage products are viewed as key growth catalysts.
Positive Sentiment: Broader market conditions also helped: softer inflation data reduced expectations for a September Federal Reserve rate hike, supporting technology and semiconductor stocks. A strong sector-wide memory rally amplified buying in SNDK.

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.