Analysts Set Sandisk Corporation (NASDAQ:SNDK) Price Target at $692.68

Sandisk Corporation (NASDAQ:SNDK) has received a consensus recommendation of “Moderate Buy” from the twenty-five analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $719.7273.

Several equities analysts have recently weighed in on the stock. Benchmark increased their price objective on shares of Sandisk from $260.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. UBS Group set a $1,000.00 price objective on shares of Sandisk in a research note on Monday, February 2nd. Jefferies Financial Group increased their price objective on shares of Sandisk from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sandisk in a research note on Monday, December 29th. Finally, The Goldman Sachs Group increased their price objective on shares of Sandisk from $320.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday, January 30th.

Sandisk Price Performance

Shares of NASDAQ:SNDK opened at $903.49 on Friday. The firm’s 50 day moving average price is $696.37 and its 200-day moving average price is $430.32. Sandisk has a twelve month low of $29.32 and a twelve month high of $965.00. 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 capitalization of $133.36 billion, a PE ratio of -119.04 and a beta of 5.04.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, topping the consensus estimate of $3.31 by $2.89. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.67 billion. The company’s revenue for the quarter was up 61.2% compared to the same quarter last year. Equities research analysts expect that Sandisk will post 38.34 EPS for the current year.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Company product roadmap and enterprise wins — Zacks highlights SNDK’s acceleration in PCIe Gen5 SSDs, BiCS8 NAND and QLC “Stargate,” positioning the firm to capture AI-driven enterprise storage spending and support revenue growth. Sandisk’s Product Innovation Accelerates: Is Revenue Growth Secured?
• Positive Sentiment: Broader Wall Street push into memory — Morgan Stanley and other firms are doubling down on memory names as AI demand broadens beyond chips to CPUs and memory, a thematic tailwind for Sandisk. Why Morgan Stanley is doubling down on memory stocks amid AI boom?
• Positive Sentiment: Index inclusion and analyst upgrades — SNDK joined the Nasdaq‑100 and has seen price‑target raises (Wells Fargo lifted its target toward $975, other street calls pushed targets higher), increasing passive demand and analyst coverage. Sandisk Joins Nasdaq 100 As AI NAND Boom Reshapes Investor Focus
• Neutral Sentiment: Relative valuation and competitive context — The Motley Fool compares Sandisk and Western Digital, noting Sandisk’s NAND focus has longer-term growth potential versus HDD peers; useful for longer‑term allocation but not an immediate driver. SanDisk vs. Western Digital: Which Memory Storage Stock Is the Better Buy?
• Neutral Sentiment: Media coverage and investor attention — Jim Cramer and other commentators are citing SNDK’s surprise rally and their own missed calls; media attention can amplify flows but is not a fresh fundamental catalyst. Jim Cramer Notes “I Am Always Going to Miss a Stock Like Sandisk Because My Disciplines Will Betray Me”
• Negative Sentiment: Profit‑taking and volatility after a massive rally — Coverage (Barron’s and others) points to index‑rebalancing moves, stretched momentum, and high beta as reasons the stock would see pullbacks even amid positive fundamentals; this helps explain today’s decline. Sandisk Stock Joins the Nasdaq 100 Today. Why It’s Falling.

Insider Buying and Selling at Sandisk

In other 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 value of $2,196,355.00. Following the transaction, the director owned 9,907 shares in the company, valued at $6,216,939.71. This represents a 26.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sandisk

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. increased its holdings in Sandisk by 12.0% in the 1st quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock worth $77,000 after acquiring an additional 13 shares in the last quarter. Blair William & Co. IL raised its position in shares of Sandisk by 0.3% during the fourth quarter. Blair William & Co. IL now owns 5,287 shares of the data storage provider’s stock valued at $1,255,000 after buying an additional 17 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Sandisk by 20.2% during the fourth quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock valued at $52,000 after buying an additional 37 shares during the last quarter. Composition Wealth LLC raised its position in shares of Sandisk by 0.4% during the fourth quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider’s stock valued at $2,445,000 after buying an additional 41 shares during the last quarter. Finally, Westfuller Advisors LLC raised its position in shares of Sandisk by 51.8% during the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after buying an additional 43 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.