Sandisk (NASDAQ:SNDK) Given New $1,000.00 Price Target at Royal Bank Of Canada

Sandisk (NASDAQ:SNDK) had its price target boosted by Royal Bank Of Canada from $650.00 to $1,000.00 in a research note released on Friday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the data storage provider’s stock.

A number of other analysts have also recently weighed in on the stock. UBS Group set a $1,000.00 price objective on shares of Sandisk in a report on Monday, February 2nd. Barclays increased their price objective on shares of Sandisk from $750.00 to $1,200.00 and gave the stock an “equal weight” rating in a report on Friday. Benchmark increased their price objective on shares of Sandisk from $260.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Citigroup increased their price objective on shares of Sandisk from $980.00 to $1,300.00 and gave the stock a “buy” rating in a report on Friday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $1,200.00 price objective on shares of Sandisk in a report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,011.05.

Sandisk Stock Performance

Shares of Sandisk stock traded up $90.49 during trading hours on Friday, reaching $1,187.00. The company’s stock had a trading volume of 22,991,801 shares, compared to its average volume of 14,250,723. The company’s 50 day simple moving average is $753.17 and its 200 day simple moving average is $469.58. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 3.11. Sandisk has a one year low of $33.05 and a one year high of $1,189.24. The stock has a market cap of $175.20 billion, a P/E ratio of -156.39 and a beta of 4.83.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating the consensus estimate of $14.17 by $9.24. The company had revenue of $5.95 billion during the quarter. Sandisk had a return on equity of 48.85% and a net margin of 34.19%.The firm’s revenue for the quarter was up 251.0% compared to the same quarter last year. During the same period last year, the company posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, analysts expect that Sandisk will post 47.45 EPS for the current fiscal year.

Insider Transactions at Sandisk

In related news, Director Miyuki Suzuki sold 3,500 shares of the stock in a transaction dated 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 completion of 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 filing with the SEC, which is available at this hyperlink. 0.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sandisk

Several large investors have recently made changes to their positions in SNDK. Vanguard Group Inc. bought a new position in shares of Sandisk during the 3rd quarter valued at about $1,970,388,000. State Street Corp bought a new position in shares of Sandisk during the 3rd quarter valued at about $491,053,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Sandisk during the 3rd quarter valued at about $297,293,000. Norges Bank bought a new position in shares of Sandisk during the 4th quarter valued at about $518,889,000. Finally, Bank of America Corp DE bought a new position in shares of Sandisk during the 3rd quarter valued at about $190,425,000.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Blowout Q3 results — revenue jumped ~251% to $5.95B and non‑GAAP EPS of $23.41 materially beat estimates; management issued very strong Q4 guidance (EPS $30–33; revenue $7.75B–$8.25B), underpinning the rally. SanDisk Earnings Crush Estimates With 251% Revenue Surge
• Positive Sentiment: Company announced a $6B share buyback and reported multiple long‑term contracts (reports cite large multi‑year agreements backed by firm commitments), which reduce cyclicality and improve revenue visibility. Sandisk has thumping quarter on AI boom, secures long-term contracts and unveils big buyback
• Positive Sentiment: Margins surged (GAAP and non‑GAAP gross margins expanded sharply) driven by datacenter NAND pricing and product mix toward higher‑value SSDs — a near‑term earnings multiplier amid AI infrastructure buildout. SNDK’s Q3 Earnings Beat Estimates, Revenues Rise on Datacenter Surge
• Positive Sentiment: Analysts are revising models and raising targets after the print (examples: Cantor Fitzgerald, Wells Fargo), which supports further upside consensus. Wall Street revises Sandisk stock price target
• Neutral Sentiment: Company is shifting to a “new business model” with multi‑year contracts and guarantees that analysts say reduce cyclicality — important strategically but dependent on long‑term execution. Sandisk’s new business model improves visibility, reduces cyclicality: analysts
• Neutral Sentiment: Options and technical positioning had priced in a huge move heading into earnings (high volatility expected); some post‑print moves reflect that positioning more than a change to fundamentals. SanDisk Q3 Earnings Preview: Wall Street Braces for 21% Post-Report Swing
• Negative Sentiment: “Sell‑the‑news” / profit‑taking pressure and short‑term pullbacks followed the report in some sessions despite the beats — a common reaction after a parabolic run and heavy pre‑earnings positioning. Sandisk stock falls despite strong earnings report as investors ‘sell the news’
• Negative Sentiment: Concerns remain about how sustainable extreme margin levels and NAND pricing gains will be once supply tightness eases — commentators and some analysts flagged margin durability as a key risk. The Watchlist Panel: AI Demand vs. Supply Crunch
• Negative Sentiment: One shop (RBC) raised its target but kept a conservative “sector perform” stance, implying limited near‑term upside from current levels — a reminder of divergent Street views. Benzinga report on RBC price target

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.