Sandisk (NASDAQ:SNDK) Reaches New 1-Year High – Still a Buy?

Sandisk Corporation (NASDAQ:SNDK)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $529.98 and last traded at $508.64, with a volume of 7546014 shares. The stock had previously closed at $481.43.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: An extreme short squeeze is underway, which traders say is driving sharp intraday upward pressure on the stock. An Extreme Short Squeeze Is Underway in Sandisk Stock. How Much Higher Can Shares Go?
• Positive Sentiment: Short interest fell ~19.3% in January (to ~7.12M shares), lowering the days-to-cover to ~0.5 — a setup that amplifies squeezes and volatility on heavy buying. (data reported 1/27/26)
• Positive Sentiment: Multiple bullish write-ups highlight AI-driven SSD demand, BiCS8 tech adoption, and tight NAND supply as growth catalysts into fiscal Q2 — supporting higher revenue/EPS and upside expectations. Why I’m Buying Sandisk Into Earnings
• Positive Sentiment: Zacks added SNDK to its Rank #1 (Strong Buy) list, which can attract momentum/quant flows. New Strong Buy Stocks for January 27th
• Positive Sentiment: Industry peer Seagate (STX) reported an earnings beat, reinforcing bullish sentiment for storage names and the sector narrative ahead of SNDK’s report. Is SanDisk the Next in Line to Crush Wall Street’s Earnings Estimates?
• Positive Sentiment: Jim Cramer and other commentators point to acute supply tightness for NAND/SSDs, a bullish signal for pricing/margins if demand holds. Sandisk (SNDK) is Facing a Shortage That Can’t Be Met, Says Jim Cramer
• Neutral Sentiment: Coverage pieces note massive post-IPO gains — useful context for momentum investors but not new fundamental news. $1,000 in Sandisk stock during 2025 IPO is now worth
• Neutral Sentiment: Options-market activity shows large bets and positioning that can increase intraday volatility but is ambiguous for direction. Market Whales and Their Recent Bets on SNDK Options
• Neutral Sentiment: Several commentators ask whether the 1-year, 400%+ run warrants fresh buys — a debate that fuels both FOMO and profit-taking. SanDisk and Western Digital are up 400 in 1 year. Should you still buy?
• Negative Sentiment: Valuation and mean-reversion risk: analysts and TV commentators warn the stock has run up sharply and is “up huge,” creating risk of a pullback if earnings or guidance disappoint. Jim Cramer Says Sandisk Is “Up Huge, Way Too Much for Me”

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SNDK shares. Susquehanna increased their price target on Sandisk from $250.00 to $300.00 and gave the stock a “positive” rating in a research report on Monday, December 8th. Citigroup upped their price objective on shares of Sandisk from $280.00 to $490.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Fox Advisors raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Wall Street Zen lowered shares of Sandisk from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 27th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $320.00 price objective on shares of Sandisk in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $348.95.

Sandisk Stock Performance

The firm’s 50 day moving average is $288.85 and its 200 day moving average is $169.92. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.03 and a current ratio of 3.29. The stock has a market cap of $76.50 billion and a P/E ratio of 1,631.25.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.64. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.12 billion. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Insider Transactions at Sandisk

In related news, Director Necip Sayiner sold 1,271 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total transaction of $248,022.94. Following the transaction, the director directly owned 3,479 shares of the company’s stock, valued at $678,892.06. This represents a 26.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.21% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sandisk

A number of large investors have recently modified their holdings of the business. New York State Teachers Retirement System acquired a new stake in Sandisk during the third quarter worth about $13,546,000. Sage Rhino Capital LLC acquired a new position in Sandisk in the third quarter valued at approximately $587,000. HB Wealth Management LLC purchased a new stake in Sandisk in the 3rd quarter worth approximately $348,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Sandisk during the 3rd quarter worth approximately $514,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Sandisk during the 3rd quarter worth approximately $7,046,000.

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.