Wall Street Zen Downgrades Sandisk (NASDAQ:SNDK) to Buy

Sandisk (NASDAQ:SNDK) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

Other equities analysts have also issued research reports about the stock. Cantor Fitzgerald boosted their target price on shares of Sandisk from $240.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Morgan Stanley boosted their price objective on shares of Sandisk from $263.00 to $273.00 and gave the stock an “overweight” rating in a report on Monday, November 24th. Fox Advisors upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Susquehanna boosted their price target on Sandisk from $250.00 to $300.00 and gave the company a “positive” rating in a research note on Monday, December 8th. Finally, Mizuho raised their price objective on Sandisk to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Sandisk presently has an average rating of “Moderate Buy” and an average target price of $213.33.

Sandisk Price Performance

Shares of NASDAQ:SNDK opened at $250.05 on Friday. The company has a market cap of $36.64 billion and a price-to-earnings ratio of 781.41. The business has a 50 day moving average price of $217.54 and a 200 day moving average price of $119.15. The company has a quick ratio of 2.03, a current ratio of 3.29 and a debt-to-equity ratio of 0.14. Sandisk has a twelve month low of $27.89 and a twelve month high of $284.76.

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

Insider Buying and Selling at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total transaction of $248,022.94. Following the completion of the sale, the director owned 3,479 shares of the company’s stock, valued at approximately $678,892.06. This trade represents a 26.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Sandisk

A number of large investors have recently bought and sold shares of the business. Osaic Holdings Inc. acquired a new stake in Sandisk during the 2nd quarter valued at $317,000. Corient Private Wealth LLC bought a new stake in shares of Sandisk during the second quarter worth $353,000. Praxis Investment Management Inc. acquired a new stake in shares of Sandisk in the third quarter valued at $533,000. GAMMA Investing LLC acquired a new stake in shares of Sandisk in the third quarter valued at $439,000. Finally, Voya Investment Management LLC bought a new position in shares of Sandisk in the third quarter valued at about $8,917,000.

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.