Citigroup Boosts Sandisk (NASDAQ:SNDK) Price Target to $2,025.00

Sandisk (NASDAQ:SNDK) had its price objective lifted by equities research analysts at Citigroup from $1,300.00 to $2,025.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the data storage provider’s stock. Citigroup’s price objective would indicate a potential upside of 54.67% from the company’s current price.

A number of other research firms have also recently issued reports on SNDK. Royal Bank Of Canada increased their target price on Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Mizuho set a $1,220.00 target price on shares of Sandisk in a report on Friday, May 1st. Bank of America boosted their price target on Sandisk from $900.00 to $1,080.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Wedbush increased their price objective on shares of Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $1,200.00 target price on shares of Sandisk in a research note on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,157.14.

Sandisk Stock Performance

NASDAQ:SNDK traded down $23.80 during trading hours on Tuesday, hitting $1,309.21. The stock had a trading volume of 3,508,522 shares, compared to its average volume of 18,157,703. The business’s 50 day moving average is $914.47 and its 200-day moving average is $563.86. The company has a market cap of $193.88 billion, a price-to-earnings ratio of 45.19 and a beta of 4.82. Sandisk has a one year low of $35.79 and a one year high of $1,600.00.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company had revenue of $5.95 billion during the quarter. During the same period last year, the firm earned ($0.30) EPS. Sandisk’s quarterly revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, sell-side analysts anticipate that Sandisk will post 63.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Necip Sayiner sold 579 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total value of $870,300.69. Following the sale, the director directly owned 2,900 shares of the company’s stock, valued at $4,359,019. This trade represents a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Michael Pokorny sold 2,446 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the completion of the sale, the chief accounting officer owned 22,375 shares in the company, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,525 shares of company stock worth $6,555,092 in the last ninety days. 0.21% of the stock is owned by insiders.

Institutional Investors Weigh In On Sandisk

A number of hedge funds and other institutional investors have recently bought and sold shares of SNDK. Osaic Holdings Inc. acquired a new position in Sandisk in the 2nd quarter worth about $317,000. Merit Financial Group LLC acquired a new stake in shares of Sandisk during the third quarter valued at about $408,000. SG Americas Securities LLC bought a new stake in shares of Sandisk during the third quarter worth about $722,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Sandisk during the third quarter worth about $514,000. Finally, Evergreen Capital Management LLC acquired a new position in shares of Sandisk in the third quarter valued at approximately $706,000.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Citi raised its price target on Sandisk to $2,025 from $1,300 and reiterated a Buy rating, citing strong AI data center demand and support from the company’s $6 billion buyback program, which signals confidence in future earnings and capital returns. Sandisk Stock Can Rise Another 52%, Says Citi. Why Investors Should Buy.
• Positive Sentiment: Melius Research also lifted its Sandisk price target, raising it from $1,500 to a Street-high $2,350 while keeping a Buy rating, reinforcing the view that Wall Street sees more upside in the stock. Wall Street sets Sandisk stock price target for the next 12 months
• Positive Sentiment: Investor interest in AI memory remains strong, with commentary highlighting Sandisk as a beneficiary of rising demand tied to AI infrastructure and data storage needs. AI Isn’t Just GPUs and CPUs: Here’s the AI Trade No One Is Talking About
• Neutral Sentiment: Sandisk announced upcoming presentations at several investor conferences, including JPMorgan, Bernstein, and Mizuho events, which could provide more detail on strategy and demand trends but are not immediate business catalysts. Sandisk Announces Participation in Investor Conferences
• Negative Sentiment: Despite the upbeat analyst calls, Sandisk shares were also pressured by a pre-market selloff in memory-chip stocks after warnings that AI-driven memory demand is outpacing production capacity growth, which raised concerns about industry supply-demand imbalances and near-term volatility. SanDisk, Seagate, Micron Decline In Tuesday Pre-Market: What's Going On?
• Negative Sentiment: Broader weakness in the AI memory chip trade also weighed on Sandisk, with reports noting declines alongside peers such as Micron, Seagate, and Western Digital as investors rotated out of the group. MU, STX, WDC, SNDK stocks sink as Samsung strike ripples rattle red-hot AI memory chip trade

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.