Sandisk (NASDAQ:SNDK) Price Target Raised to $300.00

Sandisk (NASDAQ:SNDK) had its price objective upped by Susquehanna from $250.00 to $300.00 in a research note released on Monday,Benzinga reports. The firm currently has a positive rating on the data storage provider’s stock.

A number of other brokerages have also weighed in on SNDK. Benchmark raised their price objective on Sandisk from $125.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Mizuho increased their price target on Sandisk to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Wall Street Zen upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 15th. JPMorgan Chase & Co. initiated coverage on Sandisk in a report on Monday. They set a “neutral” rating and a $235.00 price objective on the stock. Finally, Barclays increased their target price on Sandisk from $39.00 to $220.00 and gave the company an “equal weight” rating in a research report on Monday, November 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $213.33.

Sandisk Trading Up 6.1%

Sandisk stock opened at $232.86 on Monday. Sandisk has a 1 year low of $27.89 and a 1 year high of $284.76. The firm’s 50 day moving average price is $193.63 and its 200-day moving average price is $102.56. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.29 and a quick ratio of 2.03. The stock has a market cap of $34.13 billion and a P/E ratio of 727.69.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.64. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.12 billion. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Insider Transactions at Sandisk

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of Sandisk stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total transaction of $248,022.94. Following the completion of the transaction, the director directly owned 3,479 shares of the company’s stock, valued at $678,892.06. The trade was a 26.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sandisk

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. purchased a new position in shares of Sandisk during the 3rd quarter worth about $1,970,388,000. State Street Corp bought a new stake in Sandisk in the third quarter worth about $491,053,000. Arrowstreet Capital Limited Partnership bought a new stake in Sandisk in the third quarter worth about $297,293,000. Bank of America Corp DE purchased a new position in shares of Sandisk during the third quarter valued at approximately $190,425,000. Finally, AQR Capital Management LLC purchased a new position in shares of Sandisk during the third quarter valued at approximately $163,057,000.

About Sandisk

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.