Sandisk (NASDAQ:SNDK) Given New $875.00 Price Target at Citigroup

Sandisk (NASDAQ:SNDK) had its target price boosted by Citigroup from $750.00 to $875.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the data storage provider’s stock. Citigroup’s price objective indicates a potential upside of 18.85% from the stock’s previous close.

Several other analysts also recently weighed in on the company. Wall Street Zen raised Sandisk from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Raymond James Financial upgraded shares of Sandisk from a “market perform” rating to an “outperform” rating and set a $725.00 price objective on the stock in a research note on Friday, January 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sandisk in a research report on Monday, December 29th. Wedbush raised their target price on shares of Sandisk from $600.00 to $740.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Finally, KGI Securities assumed coverage on shares of Sandisk in a research report on Wednesday. They set an “outperform” rating and a $992.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Sandisk currently has an average rating of “Moderate Buy” and a consensus price target of $570.19.

Sandisk Stock Performance

NASDAQ SNDK traded down $17.47 on Thursday, hitting $736.22. The stock had a trading volume of 10,859,695 shares, compared to its average volume of 19,320,924. Sandisk has a one year low of $27.89 and a one year high of $761.52. The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06. The stock has a market cap of $108.67 billion and a price-to-earnings ratio of -96.88. The company’s 50-day moving average is $565.08 and its two-hundred day moving average is $313.59.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 EPS for the quarter, beating the consensus estimate of $3.31 by $2.89. The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.67 billion. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The business’s revenue was up 61.2% compared to the same quarter last year.

Insider Buying and Selling

In related news, Director Miyuki Suzuki sold 3,500 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the completion of the sale, the director directly owned 9,907 shares of the company’s stock, valued at $6,216,939.71. This represents a 26.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sandisk

Institutional investors and hedge funds have recently modified their holdings of the stock. Greenline Wealth Management LLC purchased a new stake in shares of Sandisk during the fourth quarter valued at $26,000. Whittier Trust Co. purchased a new position in Sandisk in the 4th quarter worth about $26,000. Chung Wu Investment Group LLC acquired a new stake in Sandisk during the 4th quarter worth about $27,000. Westfuller Advisors LLC raised its holdings in Sandisk by 51.8% during the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after buying an additional 43 shares during the period. Finally, TD Private Client Wealth LLC lifted its stake in Sandisk by 137.9% during the fourth quarter. TD Private Client Wealth LLC now owns 138 shares of the data storage provider’s stock valued at $33,000 after buying an additional 80 shares in the last quarter.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: KGI Securities initiated coverage with an “outperform” rating and a $992 price target, giving an analyst-driven near‑term upside thesis that may support buying interest. KGI Initiates Coverage
• Positive Sentiment: Company fundamentals: strong Q4/quarterly results and AI-driven NAND demand have driven margin expansion and multi‑year customer agreements, improving revenue visibility and earnings growth expectations. That underpins longer‑term investor conviction. Seeking Alpha: AI Boom
• Positive Sentiment: Technical momentum: SNDK recently hit an all‑time high and analysts point to continuing strong demand for AI storage as a driver of price momentum. Positive headlines and momentum trading can attract additional flows. TipRanks: All-Time High
• Positive Sentiment: Institutional buying has been flagged as a major driver of the recent run — large inflows can sustain price strength and reduce volatility as positions build. FXEmpire: Big Money Buys
• Positive Sentiment: Technical setup: analysts and chartists noted a golden‑cross on weekly/daily charts, a bullish signal that can attract trend followers and momentum traders into SNDK. 247WallSt: Golden Crosses
• Neutral Sentiment: Explanatory coverage pieces and commentaries (Q4 reviews, market‑thinking articles) provide context for the rally but are less likely to move price by themselves. MSN: Q4 Review
• Neutral Sentiment: General market and education pieces discussing investing principles and company history explain the move from $27 to ~$700 but don’t add new catalyst information. Travel News Explainer
• Negative Sentiment: Short‑term selling pressure: SNDK moved lower in pre‑market trade following its record high as some investors took profits; that dip is the primary reason for today’s weaker price action. TipRanks: Pre-Market Dip

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.