Sandisk (NASDAQ:SNDK) Price Target Raised to $140.00

Sandisk (NASDAQ:SNDK) had its price objective increased by The Goldman Sachs Group from $55.00 to $140.00 in a report issued on Thursday,Benzinga reports. The firm currently has a buy rating on the data storage provider’s stock.

A number of other research analysts have also issued reports on the stock. Citigroup upped their price target on shares of Sandisk from $80.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Sanford C. Bernstein upgraded shares of Sandisk to a “strong-buy” rating in a research note on Tuesday, September 16th. Cantor Fitzgerald restated an “overweight” rating and set a $50.00 price target on shares of Sandisk in a research note on Friday, August 15th. Mizuho upped their price objective on shares of Sandisk from $57.00 to $112.00 and gave the company an “outperform” rating in a report on Friday, September 19th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sandisk in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.81.

Sandisk Trading Down 9.8%

Shares of Sandisk stock opened at $116.91 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.11 and a current ratio of 3.56. Sandisk has a 12-month low of $27.89 and a 12-month high of $137.05. The firm’s 50 day simple moving average is $74.23 and its two-hundred day simple moving average is $52.05.

Institutional Trading of Sandisk

A number of hedge funds have recently added to or reduced their stakes in SNDK. Voya Investment Management LLC purchased a new stake in Sandisk during the third quarter worth $8,917,000. Corient Private Wealth LLC purchased a new stake in Sandisk during the second quarter worth $353,000. Osaic Holdings Inc. purchased a new stake in Sandisk during the second quarter worth $317,000. Perpetual Ltd purchased a new stake in Sandisk during the third quarter worth $558,000. Finally, Praxis Investment Management Inc. purchased a new stake in Sandisk during the third quarter worth $533,000.

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.