Sandisk Corporation (NASDAQ:SNDK) Stock Has Consensus Price Target of $2,056.23

Shares of Sandisk Corporation (NASDAQ:SNDK) have been given an average recommendation of “Moderate Buy” by the twenty-eight research firms that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, twenty-two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $2,056.23.

Several analysts have weighed in on SNDK shares. New Street Research set a $3,000.00 target price on shares of Sandisk in a research report on Thursday, August 6th. Royal Bank Of Canada cut their price target on shares of Sandisk from $1,600.00 to $1,400.00 and set a “sector perform” rating on the stock in a research note on Friday, October 30th. Mizuho raised their price target on shares of Sandisk from $1,875.00 to $2,050.00 and gave the stock an “outperform” rating in a report on Tuesday, October 6th. Argus upgraded shares of Sandisk from a “hold” rating to a “buy” rating and set a $1,600.00 price objective for the company in a research note on Monday, August 10th. Finally, Bank of America reiterated a “buy” rating and set a $2,000.00 price objective on shares of Sandisk in a research note on Friday, October 30th.

Sandisk Stock Performance

Shares of Sandisk stock opened at $977.69 on Thursday. The company has a market capitalization of $139.11 billion, a PE ratio of 7.84, a P/E/G ratio of 0.07 and a beta of 5.66. The company has a 50-day simple moving average of $1,467.15 and a two-hundred day simple moving average of $1,271.20. Sandisk has a one year low of $183.00 and a one year high of $2,354.39.

Sandisk shares are scheduled to split on the morning of Friday, November 20th. The 8-1 split was announced on Thursday, October 29th. The newly created shares will be distributed to shareholders after the closing bell on Thursday, November 19th.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Thursday, October 29th. The data storage provider reported $49.51 earnings per share for the quarter, topping analysts’ consensus estimates of $46.19 by $3.32. Sandisk had a return on equity of 125.70% and a net margin of 67.04%. The business had revenue of $11.03 billion for the quarter. During the same quarter in the previous year, the firm posted $1.22 EPS. Sandisk’s revenue was up 23.0% on a year-over-year basis. On average, equities analysts predict that Sandisk will post 226.01 earnings per share for the current fiscal year.

Sandisk declared that its board has initiated a stock repurchase plan on Wednesday, August 5th that permits the company to buy back $14 billion in shares. This repurchase authorization permits the data storage provider to reacquire up to 6.6% of its stock through open market purchases. Share repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Key Headlines Impacting Sandisk

Investors following SNDK have been watching these headlines:

• Positive Sentiment: CoreWeave’s better-than-expected results and higher 2026 capital-spending outlook reinforced expectations for continued AI infrastructure investment, a supportive demand signal for storage suppliers. SanDisk stock jumps as CoreWeave raises spending outlook
• Neutral Sentiment: The planned 8-for-1 stock split is set to take effect November 20. A split changes the share count and per-share price, but does not by itself change the company’s underlying value. What history says about Sandisk’s stock split
• Negative Sentiment: Recent volatility reflects concerns about industry-wide memory dynamics, regulatory uncertainty, and competition. One report said Sandisk’s NAND market share had fallen to 11%, while China’s YMTC had reached 14%, underscoring potential competitive pressure. Why Sandisk stock dropped

Insider Transactions at Sandisk

In other Sandisk news, CFO Luis Visoso sold 1,000 shares of Sandisk stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total transaction of $1,568,830.00. Following the completion of the sale, the chief financial officer owned 130,976 shares of the company’s stock, valued at approximately $205,479,078.08. The trade was a 0.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 4,712 shares of Sandisk stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $1,540.58, for a total value of $7,259,212.96. Following the sale, the executive vice president directly owned 44,134 shares of the company’s stock, valued at approximately $67,991,957.72. This represents a 9.65% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 77,899 shares of company stock valued at $121,156,782 in the last quarter. Insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Dogwood Wealth Management LLC boosted its position in Sandisk by 14.3% in the second quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider’s stock valued at $109,000 after buying an additional 6 shares during the last quarter. Nilsine Partners LLC raised its position in Sandisk by 3.2% during the 2nd quarter. Nilsine Partners LLC now owns 226 shares of the data storage provider’s stock worth $514,000 after buying an additional 7 shares during the last quarter. Insight Wealth Partners LLC raised its position in Sandisk by 0.4% during the 2nd quarter. Insight Wealth Partners LLC now owns 1,607 shares of the data storage provider’s stock worth $3,654,000 after buying an additional 7 shares during the last quarter. SYM FINANCIAL Corp raised its position in Sandisk by 3.1% during the 3rd quarter. SYM FINANCIAL Corp now owns 267 shares of the data storage provider’s stock worth $464,000 after buying an additional 8 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its position in Sandisk by 2.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 340 shares of the data storage provider’s stock worth $592,000 after buying an additional 8 shares during the last quarter.

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.