Sandisk (NASDAQ:SNDK – Get Free Report) was upgraded by equities researchers at Royal Bank Of Canada to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.
A number of other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. began coverage on shares of Sandisk in a report on Monday, December 8th. They set a “neutral” rating and a $235.00 target price on the stock. Mizuho boosted their price objective on shares of Sandisk from $250.00 to $410.00 and gave the stock an “outperform” rating in a research note on Friday, January 9th. Susquehanna upped their target price on shares of Sandisk from $250.00 to $300.00 and gave the company a “positive” rating in a report on Monday, December 8th. Barclays set a $385.00 price target on Sandisk in a report on Thursday. Finally, Bank of America upped their price objective on Sandisk from $300.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $316.84.
View Our Latest Stock Report on SNDK
Sandisk Price Performance
Sandisk (NASDAQ:SNDK – Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.64. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.12 billion. The business’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.
Insiders Place Their Bets
In related news, Director Necip Sayiner sold 1,271 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total value of $248,022.94. Following the completion of the sale, the director directly owned 3,479 shares in the company, valued at $678,892.06. The trade was a 26.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.21% of the company’s stock.
Institutional Trading of Sandisk
Hedge funds and other institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Sandisk during the 3rd quarter worth approximately $27,000. CVA Family Office LLC bought a new position in shares of Sandisk in the 3rd quarter valued at $28,000. Parallel Advisors LLC bought a new position in shares of Sandisk in the 3rd quarter valued at $30,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Sandisk during the 3rd quarter worth $32,000. Finally, Covestor Ltd bought a new stake in shares of Sandisk during the 3rd quarter worth $37,000.
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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