Sandisk (NASDAQ:SNDK) Downgraded by Zacks Research to “Hold”

Zacks Research lowered shares of Sandisk (NASDAQ:SNDK) from a strong-buy rating to a hold rating in a research report released on Thursday,Zacks.com reports.

A number of other brokerages also recently issued reports on SNDK. Fox Advisors upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Bank of America boosted their target price on shares of Sandisk from $300.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Citigroup upped their price target on shares of Sandisk from $280.00 to $490.00 and gave the company a “buy” rating in a research report on Tuesday. Royal Bank Of Canada started coverage on Sandisk in a report on Wednesday, January 14th. They set a “sector perform” rating and a $400.00 price target for the company. Finally, Sanford C. Bernstein boosted their price objective on Sandisk from $300.00 to $580.00 and gave the company an “outperform” rating in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $327.89.

Sandisk Stock Down 5.9%

Shares of SNDK opened at $473.83 on Thursday. The company has a market capitalization of $69.44 billion and a PE ratio of 1,480.72. Sandisk has a 12 month low of $27.89 and a 12 month high of $509.50. The stock’s 50-day moving average price is $280.02 and its two-hundred day moving average price is $162.23. The company has a current ratio of 3.29, a quick ratio of 2.03 and a debt-to-equity ratio of 0.14.

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

Insiders Place Their Bets

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

Institutional Trading of Sandisk

Several large investors have recently made changes to their positions in the company. Osaic Holdings Inc. bought a new stake in Sandisk in the 2nd quarter valued at about $317,000. Corient Private Wealth LLC acquired a new stake in Sandisk in the second quarter valued at approximately $353,000. Praxis Investment Management Inc. acquired a new stake in Sandisk in the third quarter valued at approximately $533,000. GAMMA Investing LLC bought a new stake in shares of Sandisk during the third quarter valued at approximately $439,000. Finally, Voya Investment Management LLC acquired a new position in shares of Sandisk during the third quarter worth approximately $8,917,000.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Structural AI-driven demand is shifting smart money into storage (hot-tier SSDs) where Sandisk benefits from pricing power and supply tightness—this underpins revenue and margin upside. Forget the Chips, Buy Memory: Why AI Money Is Moving to Storage
• Positive Sentiment: Sandisk has a history of beating estimates and analysts see another potential upside to EPS based on operating leverage and recent demand trends—this supports upside to guidance and stock momentum. Why Sandisk Could Beat Earnings Estimates Again
• Positive Sentiment: Heavy short interest and prior squeeze activity have created a crowded long/short setup—reports estimate large losses for shorts, which can amplify rallies if buying resumes. Sandisk rally inflicts $3B loss on shorts
• Neutral Sentiment: Investors are focused on SNDK’s upcoming Q2 2026 report and guidance; expectations are elevated after recent beats, so the stock is sensitive to any conservative guidance or supply/price commentary. What to Expect From Sandisk’s Q2 2026 Earnings Report
• Negative Sentiment: Profit-taking and a short-term pause in the AI memory rally are pressuring the stock after an extraordinary run (over 1,000%+ since early 2025); technical momentum is cooling, which can accelerate pullbacks. SanDisk Stock Extends Pullback As AI Memory Rally Catches Its Breath
• Negative Sentiment: Valuation and analyst caution: some outlets flag SNDK as richly valued and vulnerable to sharp reversals if growth or guidance disappoints—raises downside risk for momentum traders. 2 Ultra-Popular AI Stocks to Sell Before They Drop

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.