Sandisk (NASDAQ:SNDK) Trading Down 1.4% – Should You Sell?

Sandisk Corporation (NASDAQ:SNDK)’s stock price was down 1.4% on Thursday . The stock traded as low as $562.10 and last traded at $576.20. Approximately 26,855,625 shares changed hands during trading, an increase of 37% from the average daily volume of 19,640,545 shares. The stock had previously closed at $584.55.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts materially raised revenue forecasts for Sandisk, with one report saying analyst models were boosted ~38%, supporting higher near-term expectations for sales tied to AI data-center demand. Industry Analysts Just Upgraded Their Sandisk Corporation (NASDAQ:SNDK) Revenue Forecasts By 38%
• Positive Sentiment: Recent earnings smashed estimates (big revenue beat and raised forward EPS range), reinforcing the bull case that Sandisk is a direct play on flash/NAND shortages driven by AI infrastructure. This underpins strong buying on dips. Sandisk’s Swings Are Getting Bigger—Here’s How to Play Them
• Positive Sentiment: Industry write-ups and analyst reiterations (Cantor Fitzgerald, UBS price targets cited) and upgrades from outlets helped lift sentiment and institutional interest. Sandisk (NASDAQ:SNDK) Shares Up 4.6% on Analyst Upgrade
• Positive Sentiment: Commentary frames Sandisk as a pure-play way to capture AI-driven flash memory shortages and HBM/high-bandwidth demand, attracting thematic AI investors. 2 Top Artificial Intelligence Stocks to Buy in February
• Neutral Sentiment: Technical/flow-based signals (e.g., “power inflow”) and momentum strategies have triggered large short-term moves; these can sustain rallies but also reverse quickly. Sandisk Shares Rise Over 7% Following Key Trading Signal
• Neutral Sentiment: Multiple outlets note broad analyst coverage updates (10 analysts updating or initiating), which increases attention and liquidity but can also add to short-term dispersion in estimates. Sandisk Corporation (SNDK) 10 Analysts Update Coverage
• Negative Sentiment: Coverage warns of large intraday swings and occasional sharp pullbacks after the stock’s parabolic run — past 20% intraday drops were quickly followed by big rallies, indicating higher downside risk for near-term traders. Why Sandisk Corporation’s (SNDK) Stock Is Down 7.15%

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SNDK. Bank of America increased their price objective on shares of Sandisk from $300.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Raymond James Financial upgraded Sandisk from a “market perform” rating to an “outperform” rating and set a $725.00 price target on the stock in a report on Friday, January 30th. JPMorgan Chase & Co. initiated coverage on Sandisk in a research note on Monday, December 8th. They issued a “neutral” rating and a $235.00 price target on the stock. Benchmark lifted their price objective on shares of Sandisk from $260.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Finally, The Goldman Sachs Group raised their target price on Sandisk from $320.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $542.85.

Sandisk Price Performance

The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06. The stock has a market cap of $88.24 billion and a P/E ratio of -78.78. The business’s 50-day simple moving average is $349.24 and its two-hundred day simple moving average is $198.85.

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

Insider Activity at Sandisk

In related news, Director Necip Sayiner sold 1,271 shares of the firm’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 owned 3,479 shares of the company’s stock, valued at $678,892.06. This trade represents a 26.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.21% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Sandisk in the 3rd quarter worth about $1,136,000. New York State Teachers Retirement System bought a new stake in shares of Sandisk during the third quarter valued at approximately $13,546,000. Sage Rhino Capital LLC bought a new position in Sandisk in the 3rd quarter valued at approximately $587,000. HB Wealth Management LLC bought a new stake in shares of Sandisk in the 3rd quarter worth $348,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Sandisk in the 3rd quarter worth about $7,046,000.

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