Zacks Research Downgrades Sandisk (NASDAQ:SNDK) to Hold

Sandisk (NASDAQ:SNDK) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Barclays set a $385.00 price target on shares of Sandisk in a research note on Thursday, January 15th. Wedbush increased their target price on Sandisk from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Wall Street Zen downgraded Sandisk from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 27th. Citigroup upped their price target on Sandisk from $280.00 to $490.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, China Renaissance assumed coverage on Sandisk in a report on Friday, December 5th. They set a “buy” rating and a $322.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $327.89.

Sandisk Stock Down 5.9%

SNDK opened at $473.83 on Thursday. The company has a market capitalization of $69.44 billion and a P/E ratio of 1,480.72. 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 firm’s fifty day moving average price is $280.02 and its two-hundred day moving average price is $162.23. Sandisk has a fifty-two week low of $27.89 and a fifty-two week high of $509.50.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Thursday, November 6th. The data storage provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.64. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.12 billion. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. 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 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 transaction, the director owned 3,479 shares of the company’s stock, valued at approximately $678,892.06. The trade was a 26.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

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

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Structural AI-driven demand is shifting smart money into storage (hot-tier SSDs) where Sandisk benefits from pricing power and supply tightness—this underpins revenue and margin upside. Forget the Chips, Buy Memory: Why AI Money Is Moving to Storage
• Positive Sentiment: Sandisk has a history of beating estimates and analysts see another potential upside to EPS based on operating leverage and recent demand trends—this supports upside to guidance and stock momentum. Why Sandisk Could Beat Earnings Estimates Again
• Positive Sentiment: Heavy short interest and prior squeeze activity have created a crowded long/short setup—reports estimate large losses for shorts, which can amplify rallies if buying resumes. Sandisk rally inflicts $3B loss on shorts
• Neutral Sentiment: Investors are focused on SNDK’s upcoming Q2 2026 report and guidance; expectations are elevated after recent beats, so the stock is sensitive to any conservative guidance or supply/price commentary. What to Expect From Sandisk’s Q2 2026 Earnings Report
• Negative Sentiment: Profit-taking and a short-term pause in the AI memory rally are pressuring the stock after an extraordinary run (over 1,000%+ since early 2025); technical momentum is cooling, which can accelerate pullbacks. SanDisk Stock Extends Pullback As AI Memory Rally Catches Its Breath
• Negative Sentiment: Valuation and analyst caution: some outlets flag SNDK as richly valued and vulnerable to sharp reversals if growth or guidance disappoints—raises downside risk for momentum traders. 2 Ultra-Popular AI Stocks to Sell Before They Drop

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. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.