Sandisk Corporation (NASDAQ:SNDK – Get Free Report) was up 10.9% during trading on Tuesday . The stock traded as high as $2,280.80 and last traded at $2,273.73. 11,260,613 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 16,677,520 shares. The stock had previously closed at $2,050.39.
Trending Headlines about Sandisk
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Bernstein raised its price target on Sandisk (SNDK) to $3,000, citing stronger long-term contracts and confidence in the company’s earnings outlook as demand for AI memory components remains robust. Bernstein Rockets SanDisk Price Target to $3,000 on SNDK’s Contracts Becoming ‘More Powerful’
- Positive Sentiment: Another bullish note said SanDisk is benefiting from the memory “supercycle,” with investors focusing on surging demand tied to AI data centers and high-bandwidth flash products that could support premium margins. SanDisk gains after Bernstein raises price target on memory supercycle outlook
- Positive Sentiment: Multiple commentary pieces highlighted that SanDisk’s stock has been one of the biggest winners in semiconductors this year, reflecting strong momentum in NAND pricing and optimism around AI-related memory demand. SanDisk stock rallies Tuesday: What’s happening?
- Neutral Sentiment: Some analysts and market-watch pieces warned that the stock’s massive run-up has made valuation richer and could leave it vulnerable if memory prices cool or if new supply comes online. Palantir Stock vs. Sandisk Stock: Wall Street Says Buy One and Sell the Other
- Negative Sentiment: Bearish coverage also cautioned investors not to chase the rally, arguing SanDisk could be vulnerable if the AI trade reverses and memory pricing normalizes. Sandisk: Avoid Becoming Exit Liquidity When The AI Trade Kabooms
Analyst Ratings Changes
Several research analysts have weighed in on SNDK shares. The Goldman Sachs Group restated a “buy” rating and set a $1,200.00 target price on shares of Sandisk in a research report on Friday, May 1st. Jefferies Financial Group restated a “buy” rating and issued a $1,400.00 price target on shares of Sandisk in a report on Friday, May 1st. KGI Securities assumed coverage on Sandisk in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 price target for the company. Sanford C. Bernstein increased their price objective on shares of Sandisk from $1,700.00 to $3,000.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Melius Research set a $2,350.00 target price on shares of Sandisk in a report on Monday, May 18th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,665.19.
Sandisk Trading Up 10.9%
The business has a 50 day moving average of $1,568.63 and a 200-day moving average of $898.61. The stock has a market cap of $336.72 billion, a PE ratio of 79.03 and a beta of 4.88.
Sandisk (NASDAQ:SNDK – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping the consensus estimate of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company had revenue of $5.95 billion during the quarter. During the same period in the previous year, the business posted ($0.30) EPS. The business’s quarterly revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities research analysts anticipate that Sandisk Corporation will post 64.01 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Necip Sayiner sold 579 shares of Sandisk stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the completion of the sale, the director owned 2,900 shares in the company, valued at approximately $4,359,019. This trade represents a 16.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the transaction, the executive vice president directly owned 52,677 shares of the company’s stock, valued at $92,531,364.66. The trade was a 3.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,625 shares of company stock worth $8,913,497 in the last ninety days. 0.21% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Sandisk
A number of institutional investors have recently modified their holdings of SNDK. GHP Investment Advisors Inc. boosted its holdings in shares of Sandisk by 12.0% during the first quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock worth $77,000 after purchasing an additional 13 shares during the last quarter. Blair William & Co. IL increased its stake in Sandisk by 0.3% in the fourth quarter. Blair William & Co. IL now owns 5,287 shares of the data storage provider’s stock valued at $1,255,000 after purchasing an additional 17 shares during the last quarter. Empirical Finance LLC increased its stake in Sandisk by 0.7% in the first quarter. Empirical Finance LLC now owns 3,535 shares of the data storage provider’s stock valued at $2,246,000 after purchasing an additional 24 shares during the last quarter. Basecamp Wealth Advisors LLC lifted its position in Sandisk by 7.8% during the first quarter. Basecamp Wealth Advisors LLC now owns 333 shares of the data storage provider’s stock worth $212,000 after buying an additional 24 shares during the period. Finally, SOA Wealth Advisors LLC. lifted its position in Sandisk by 108.0% during the first quarter. SOA Wealth Advisors LLC. now owns 52 shares of the data storage provider’s stock worth $33,000 after buying an additional 27 shares during the period.
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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