Sandisk (NASDAQ:SNDK) Price Target Raised to $2,050.00

Sandisk (NASDAQ:SNDK) had its price target raised by Mizuho from $1,875.00 to $2,050.00 in a report published on Tuesday, MarketBeat.com reports. The firm currently has an outperform rating on the data storage provider’s stock.

A number of other brokerages also recently commented on SNDK. Bank of America upped their target price on Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Citigroup restated a “buy” rating on shares of Sandisk in a research report on Thursday, October 1st. Arete Research lifted their target price on shares of Sandisk from $2,300.00 to $3,000.00 and gave the company a “buy” rating in a report on Thursday, August 27th. China Renaissance increased their price target on shares of Sandisk from $2,000.00 to $2,250.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Finally, Zacks Research cut shares of Sandisk from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2,120.65.

Sandisk Trading Down 4.9%

SNDK opened at $1,609.46 on Tuesday. Sandisk has a 12-month low of $116.17 and a 12-month high of $2,354.39. The firm has a market capitalization of $232.62 billion, a PE ratio of 22.08, a P/E/G ratio of 0.17 and a beta of 5.23. The firm has a 50 day moving average of $1,585.66 and a two-hundred day moving average of $1,469.83.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating the consensus estimate of $33.28 by $5.97. The business had revenue of $8.96 billion during the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The business’s revenue was up 371.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, analysts predict that Sandisk will post 208.94 EPS for the current fiscal year.

Sandisk declared that its board has approved a stock repurchase program on Wednesday, August 5th that authorizes the company to buyback $14.00 billion in outstanding shares. This buyback authorization authorizes the data storage provider to buy up to 6.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, insider Bernard Shek sold 2,308 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $1,767.33, for a total value of $4,078,997.64. Following the completion of the sale, the insider owned 25,305 shares of the company’s stock, valued at approximately $44,722,285.65. This represents a 8.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 4,712 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $1,540.58, for a total transaction of $7,259,212.96. Following the sale, the executive vice president owned 44,134 shares of the company’s stock, valued at approximately $67,991,957.72. The trade was a 9.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 77,899 shares of company stock worth $121,159,122. 0.21% of the stock is owned by insiders.

Institutional Trading of Sandisk

Several hedge funds have recently made changes to their positions in the company. Valley Wealth Managers Inc. acquired a new position in Sandisk in the first quarter valued at approximately $25,000. Atomic Invest LLC acquired a new stake in Sandisk during the second quarter worth $25,000. IMG Wealth Management Inc. acquired a new stake in Sandisk during the first quarter worth $29,000. Dunhill Financial LLC purchased a new stake in Sandisk in the second quarter valued at $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Sandisk in the second quarter valued at $32,000.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Mizuho raised its SanDisk price target to $2,050 from $1,875, citing rising demand for storage tied to “agentic AI.” The upgrade reinforces the view that data-center and AI workloads could support sustained demand for SanDisk’s products. Mizuho raises SanDisk price target by $175 on agentic AI demand
• Positive Sentiment: SanDisk’s bullish case remains tied to strong data-center demand, improving profitability, significant cash generation and a nearly debt-free balance sheet. Analysts also point to longer-term customer contracts and disciplined industry supply as factors that could keep memory pricing elevated. SanDisk is up 1,322% in a year
• Neutral Sentiment: Some analysts, including Cantor and Mirae Asset, argued that concerns about memory supply and pricing may be exaggerated. However, SanDisk’s extraordinary recent rally has increased investor sensitivity to any signs that earnings growth or margins may be approaching a cyclical peak. Micron, SK Hynix, and SanDisk slide in sync
• Negative Sentiment: A disappointing preliminary revenue update from Samsung triggered a broader memory-sector selloff, raising concerns that demand, pricing or industry growth may not be as strong as expected. SanDisk fell alongside Micron and SK Hynix as investors reduced exposure to the popular AI-memory trade. The Memory Trade Cools After Samsung’s Preliminary Results Disappoint
• Negative Sentiment: Higher Treasury yields, rising oil prices and broader profit-taking in semiconductor stocks added to pressure. Investors are also wary that SanDisk’s valuation and expectations now reflect a large portion of the AI-storage opportunity, leaving less room for execution disappointments. Why AMD, Micron, SanDisk, and Nvidia stocks are falling

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.