Sandisk (NASDAQ:SNDK) Upgraded by Rosenblatt Securities to Strong-Buy Rating

Posted by Brenda Bartman on Sep 23rd, 2026

Sandisk (NASDAQ:SNDK – Get Free Report) was upgraded by Rosenblatt Securities to a “strong-buy” rating in a research note issued on Monday, Zacks reports.

Other equities research analysts have also recently issued research reports about the company. Royal Bank Of Canada raised their target price on Sandisk from $1,300.00 to $1,600.00 and gave the stock a “sector perform” rating in a research note on Friday, August 14th. Susquehanna decreased their price target on Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating on the stock in a research note on Thursday, July 23rd. Mizuho lowered their price target on Sandisk from $1,900.00 to $1,875.00 and set an “outperform” rating for the company in a report on Tuesday, August 25th. Zacks Research downgraded Sandisk from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $2,200.00 price objective on shares of Sandisk in a report on Thursday, August 13th. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $2,015.61.

Read Our Latest Report on Sandisk

Sandisk Price Performance

Sandisk stock opened at $1,887.04 on Monday. The firm has a 50 day simple moving average of $1,505.11 and a 200-day simple moving average of $1,379.62. Sandisk has a 1-year low of $93.54 and a 1-year high of $2,354.39. The stock has a market cap of $276.30 billion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 0.18 and a beta of 5.17.

Sandisk (NASDAQ:SNDK – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating the consensus estimate of $33.28 by $5.97. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The firm had revenue of $8.96 billion for the quarter. During the same period in the previous year, the firm posted $0.29 EPS. The firm’s quarterly revenue was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities analysts expect that Sandisk will post 208.94 earnings per share for the current fiscal year.

Sandisk declared that its board has approved a share repurchase program on Wednesday, August 5th that permits the company to buyback $14.00 billion in outstanding 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 usually a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at Sandisk

In related news, CEO David Goeckeler sold 33,841 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $1,574.21, for a total transaction of $53,272,840.61. Following the transaction, the chief executive officer owned 382,865 shares of the company’s stock, valued at approximately $602,709,911.65. This represents a 8.12% 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, CFO Luis Visoso sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $1,568.83, for a total value of $1,568,830.00. Following the transaction, the chief financial officer owned 130,976 shares of the company’s stock, valued at $205,479,078.08. This trade represents a 0.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 77,899 shares of company stock valued at $121,370,958. Corporate insiders own 0.21% of the company’s stock.

Institutional Trading of Sandisk

Several hedge funds have recently made changes to their positions in the business. Valley Wealth Managers Inc. purchased a new position in Sandisk in the 1st quarter valued at approximately $25,000. IMG Wealth Management Inc. acquired a new position in shares of Sandisk in the first quarter worth $29,000. Dunhill Financial LLC purchased a new stake in shares of Sandisk during the second quarter worth $30,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Sandisk during the second quarter worth $32,000. Finally, Kilter Group LLC acquired a new stake in shares of Sandisk in the second quarter valued at $32,000.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Rosenblatt Securities initiated coverage with a Buy rating and a $2,400 price target, implying roughly 27% upside from the referenced price. Analyst Kevin Cassidy argues that AI workloads are making NAND flash a more critical part of computing infrastructure rather than merely a commodity product. SanDisk Just Scored a New Buy Rating
Positive Sentiment: Memory stocks broadly strengthened as investors rotated back into AI and semiconductor names. Expectations for sustained AI infrastructure spending, tight memory supply and favorable NAND pricing are supporting Sandisk and peers including Micron and SK Hynix. Sandisk Climbs Amid Storage-Sector Strength
Positive Sentiment: Sandisk’s recent operating performance remains a major part of the bull case: quarterly earnings substantially exceeded estimates, revenue surged year over year, and management authorized a $14 billion share-repurchase program. The company’s addition to the S&P 100 also improves its visibility, although the direct index-buying effect is likely limited. Sandisk Buyback Coverage
Neutral Sentiment: CEO David Goeckeler sold approximately $53.3 million of stock under a pre-arranged Rule 10b5-1 plan. The transaction reduces a substantial personal holding but may not indicate a change in management’s outlook. SEC Insider Transaction Filing
Negative Sentiment: Risks include NAND’s cyclical nature, slowing pricing growth, built-in contract depreciation and weaker consumer demand. China’s CXMT is also expanding memory production, potentially pressuring pricing and market share. Micron and SanDisk Face a New Test

About Sandisk

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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.