Sandisk (NASDAQ:SNDK) Hits New 1-Year High Following Analyst Upgrade

Shares of Sandisk Corporation (NASDAQ:SNDK) reached a new 52-week high on Tuesday after Citigroup raised their price target on the stock from $490.00 to $750.00. Citigroup currently has a buy rating on the stock. Sandisk traded as high as $694.52 and last traded at $694.52, with a volume of 1127280 shares. The stock had previously closed at $665.24.

Several other research firms have also issued reports on SNDK. Barclays lifted their target price on Sandisk from $385.00 to $750.00 and gave the company an “equal weight” rating in a research note on Monday. Wedbush lifted their target price on Sandisk from $600.00 to $740.00 and gave the stock an “outperform” rating in a report on Friday. Sanford C. Bernstein upped their price target on shares of Sandisk from $300.00 to $580.00 and gave the company an “outperform” rating in a report on Wednesday, January 14th. Benchmark upped their target price on Sandisk from $260.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Finally, The Goldman Sachs Group lifted their price target on Sandisk from $320.00 to $700.00 and gave the company a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Sandisk has a consensus rating of “Moderate Buy” and an average target price of $542.85.

Insider Activity

In related news, Director Necip Sayiner sold 1,271 shares of the 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 transaction, the director directly owned 3,479 shares of the company’s stock, valued at approximately $678,892.06. This represents a 26.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is owned by corporate insiders.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Q2 earnings beat and AI demand: Q2 results showed ~60% revenue growth to about $3B, huge net-income improvement and margin expansion — the core catalyst investors cite for the rally. SanDisk Stock (SNDK) Opinions on Q2 Earnings Beat
• Positive Sentiment: Analyst upgrades and big price-target hikes: Multiple firms have raised ratings/targets (examples include large raises to the $700–$800 area and other multi-hundred-percent upside scenarios), which is drawing fresh buy interest. Sandisk (SNDK) Soars as Berstein Hikes PT by 72%
• Positive Sentiment: Supply/partnership tailwind — Kioxia venture extension: An extension to the SanDisk–Kioxia venture is being promoted as supportive of AI-focused flash growth and helps justify a higher valuation on persistent NAND demand. Sandisk Kioxia Venture Extension Supports AI Flash Growth And Valuation Gap
• Neutral Sentiment: Market context: Broad-market futures and weekly momentum are positive, which is amplifying the stock’s move but is not a company-specific driver. Stock Market Today: S&P 500, Nasdaq 100 Futures Gain Amid Gold, Silver Rebound—Palantir Technologies, SanDisk, PepsiCo In Focus
• Neutral Sentiment: Mixed institutional flows: Quiver data shows many institutions both adding and trimming SNDK — a sign of reallocation into a high-conviction thematic trade but also profit-taking by some large holders. SanDisk Stock (SNDK) Opinions on Q2 Earnings Beat
• Negative Sentiment: Technical & crowding risk: The stock is extremely extended vs. moving averages (several-hundred-percent above the 200‑day), prompting warnings about parabolic positioning and short‑interest/hard‑to‑borrow signals that can increase volatility and downside risk. This SanDisk’s Stock Chart Is Shocking Every Trader: 380% Above The 200-Day Average
• Negative Sentiment: Insider/institutional selling noted: Small insider sales and large prior institutional reductions (reported in filings) are being flagged by some traders as potential sources of selling pressure on rallies. SanDisk Stock (SNDK) Opinions on Q2 Earnings Beat

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SNDK. Whittier Trust Co. acquired a new stake in shares of Sandisk during the 4th quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Sandisk in the 3rd quarter valued at approximately $27,000. Chung Wu Investment Group LLC purchased a new stake in Sandisk in the fourth quarter valued at approximately $27,000. CVA Family Office LLC acquired a new position in Sandisk in the 3rd quarter valued at about $28,000. Finally, Westfuller Advisors LLC lifted its position in shares of Sandisk by 51.8% during the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after purchasing an additional 43 shares in the last quarter.

Sandisk Trading Up 4.4%

The company has a debt-to-equity ratio of 0.06, a current ratio of 3.11 and a quick ratio of 1.92. The firm has a market cap of $101.78 billion and a PE ratio of -91.50. The company’s 50 day moving average price is $317.63 and its 200 day moving average price is $184.96.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $2.89. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.67 billion. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The business’s quarterly revenue was up 61.2% compared to the same quarter last year.

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.