Sandisk Corporation (NASDAQ:SNDK) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Sandisk Corporation (NASDAQ:SNDK) have been given an average rating of “Moderate Buy” by the twenty-five ratings firms that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $1,580.6667.

A number of equities research analysts recently commented on SNDK shares. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Cantor Fitzgerald upped their price objective on Sandisk from $1,800.00 to $2,900.00 and gave the company an “overweight” rating in a report on Monday. Royal Bank Of Canada upped their price objective on Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Wells Fargo & Company upped their price objective on Sandisk from $975.00 to $1,250.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Finally, Barclays upgraded Sandisk from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th.

Insider Buying and Selling

In related news, EVP Alper Ilkbahar sold 2,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the sale, the executive vice president owned 52,677 shares in the company, valued at approximately $92,531,364.66. This represents a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the completion of the sale, the chief accounting officer owned 22,375 shares of the company’s stock, valued at $31,910,777.50. This represents a 9.85% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 5,625 shares of company stock worth $8,913,497. Company insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNDK. Osaic Holdings Inc. acquired a new position in Sandisk in the second quarter valued at about $317,000. Merit Financial Group LLC acquired a new position in Sandisk in the third quarter valued at about $408,000. Federated Hermes Inc. acquired a new position in Sandisk in the third quarter valued at about $88,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Sandisk in the third quarter valued at about $41,000. Finally, Jones Financial Companies Lllp acquired a new position in Sandisk in the third quarter valued at about $134,000.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bank of America raised its price target on Sandisk to $2,100 and kept a Buy rating, signaling confidence that the AI memory demand trend still has room to run. SanDisk Stock’s 5,000% Rally Hasn’t Stopped This Analyst: Is $2,100 Next?
• Positive Sentiment: Another analyst update also boosted sentiment, with BofA’s Wamsi Mohan reportedly lifting his target to $2,100 on the view that Sandisk remains well positioned in the memory market. This Analyst Just Upped the Price Target on SanDisk Stock. Here’s Why.
• Positive Sentiment: Shares also rose on a broader rebound in memory stocks after SK Hynix’s capacity plan lifted optimism around supply-demand balance in the sector. SanDisk Jumps 14%, Western Digital Climbs 6% as Memory Stocks Rebound on SK Hynix’s Capacity Plan
• Positive Sentiment: Market commentary continues to frame SNDK as an AI growth winner, with traders and analysts highlighting strong memory demand and expanding AI infrastructure exposure. SanDisk Stock (SNDK) Is Up 692% YTD. AI Analyst Raises Price Target and Still Sees More Upside Ahead
• Neutral Sentiment: Some media coverage is focused mainly on the stock’s extraordinary year-to-date surge and valuation, which may keep investor attention high but does not add a new operational catalyst. SanDisk skyrockets over 692% YTD, yet SNDK stock still appears reasonably valued

Sandisk Stock Up 5.2%

SNDK stock opened at $1,980.10 on Monday. The company has a market cap of $293.23 billion, a P/E ratio of 68.83 and a beta of 4.87. Sandisk has a twelve month low of $40.10 and a twelve month high of $2,021.65. The business has a fifty day moving average of $1,288.10 and a 200-day moving average of $749.25.

Sandisk (NASDAQ:SNDK) last released its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. The company had revenue of $5.95 billion during the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company’s revenue was up 251.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities research analysts anticipate that Sandisk will post 64.01 earnings per share for the current fiscal year.

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.