Sandisk Corporation (NASDAQ:SNDK) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Sandisk Corporation (NASDAQ:SNDK) has earned a consensus recommendation of “Moderate Buy” from the twenty-five ratings firms that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $1,398.2727.

SNDK has been the subject of several research analyst reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $1,200.00 price objective on shares of Sandisk in a research note on Friday, May 1st. Wedbush boosted their price target on shares of Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada lifted their price objective on shares of Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Sanford C. Bernstein boosted their price target on shares of Sandisk from $1,250.00 to $1,700.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Finally, Cantor Fitzgerald boosted their price target on shares of Sandisk from $1,400.00 to $1,800.00 and gave the stock an “overweight” rating in a report on Friday, May 1st.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analyst commentary remains constructive, with reports citing bullish views on Sandisk and Morgan Stanley lifting its price target by 59%, signaling expectations for further upside from AI-driven memory demand. SNDK stock hits record high: Morgan Stanley raises PT by 59%, sees further upside ahead
• Positive Sentiment: Several bullish pieces argue Sandisk’s AI storage opportunity is still early, highlighting strong recent revenue growth, high margins, and a favorable memory-supply backdrop that could support fundamentals. Sandisk’s AI Storage Moment Is Just Getting Started
• Neutral Sentiment: Market commentary notes Sandisk was among the standout semiconductor winners this year, but that outsized rally is also making the shares more vulnerable to profit-taking and valuation concerns. Sandisk stock is firing on all cylinders: is a day of reckoning coming?
• Neutral Sentiment: Another article suggests analysts still see Sandisk as a key AI memory beneficiary, reinforcing the long-term demand story even as short-term trading turns volatile. These Experts Say the Memory-Stock Runup May Not Be Over Yet
• Negative Sentiment: Friday’s selloff appears driven by a “parabolic” unwind in semiconductor leaders, with Sandisk and peers Micron and Marvell sliding as investors reduce exposure to overheated AI trades. Micron, Sandisk stocks slide as traders exit high-flying AI plays
• Negative Sentiment: New competition concerns and softer sentiment across tech hardware added to the weakness, suggesting near-term momentum could fade if the sector rotation continues. Micron (MU), SanDisk (SNDK) Stocks Slide after Broadcom Outlook and New Competition Threat

Sandisk Price Performance

Shares of Sandisk stock opened at $1,559.32 on Monday. The company has a market capitalization of $230.92 billion, a price-to-earnings ratio of 54.20 and a beta of 4.88. Sandisk has a 12-month low of $38.53 and a 12-month high of $1,861.00. The firm’s 50-day moving average price is $1,174.63 and its two-hundred day moving average price is $698.85.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The firm had revenue of $5.95 billion for the quarter. During the same quarter in the previous year, the company earned ($0.30) earnings per share. The company’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 expect that Sandisk will post 63.58 earnings per share for the current year.

Insider Transactions at Sandisk

In other news, insider Bernard Shek sold 600 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $1,736.00, for a total transaction of $1,041,600.00. Following the sale, the insider directly owned 32,232 shares in the company, valued at $55,954,752. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the sale, the chief accounting officer owned 22,375 shares in the company, valued at approximately $31,910,777.50. This represents a 9.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 5,625 shares of company stock valued at $8,913,497. 0.21% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SNDK. GHP Investment Advisors Inc. boosted its stake in Sandisk by 12.0% in the first quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock worth $77,000 after buying an additional 13 shares in the last quarter. Blair William & Co. IL boosted its stake 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 purchasing an additional 17 shares during the period. Empirical Finance LLC boosted its stake in shares of Sandisk by 0.7% during the first quarter. Empirical Finance LLC now owns 3,535 shares of the data storage provider’s stock valued at $2,246,000 after purchasing an additional 24 shares during the period. SOA Wealth Advisors LLC. lifted its stake in Sandisk by 108.0% in the first quarter. SOA Wealth Advisors LLC. now owns 52 shares of the data storage provider’s stock worth $33,000 after acquiring an additional 27 shares during the period. Finally, Larson Financial Group LLC lifted its stake in Sandisk by 20.2% in the fourth quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock worth $52,000 after acquiring an additional 37 shares during the period.

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.