Sandisk (NASDAQ:SNDK) Stock Rating Upgraded by Fox Advisors

Sandisk (NASDAQ:SNDK) was upgraded by Fox Advisors from a “hold” rating to a “strong-buy” rating in a research report issued on Friday,Zacks.com reports.

SNDK has been the subject of a number of other reports. Citigroup increased their price objective on shares of Sandisk from $150.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday. Wells Fargo & Company increased their price target on Sandisk from $115.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday. Bank of America raised their price target on Sandisk from $59.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Zacks Research upgraded Sandisk from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 14th. Finally, UBS Group reissued an “overweight” rating and issued a $230.00 price objective on shares of Sandisk in a report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Sandisk presently has a consensus rating of “Moderate Buy” and an average target price of $170.41.

Sandisk Price Performance

Shares of SNDK opened at $239.48 on Friday. The company has a quick ratio of 2.11, a current ratio of 3.56 and a debt-to-equity ratio of 0.20. Sandisk has a twelve month low of $27.89 and a twelve month high of $240.00. The stock has a market capitalization of $35.06 billion and a P/E ratio of -412.90. The company has a 50 day moving average of $126.31 and a 200-day moving average of $71.26.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Thursday, November 6th. The data storage provider reported $1.22 EPS for the quarter, topping the consensus estimate of $0.58 by $0.64. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.12 billion. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Institutional Trading of Sandisk

Several hedge funds and other institutional investors have recently bought and sold shares of SNDK. CVA Family Office LLC acquired a new position in shares of Sandisk during the 3rd quarter worth approximately $28,000. Covestor Ltd acquired a new stake in shares of Sandisk in the third quarter valued at approximately $37,000. Cromwell Holdings LLC bought a new stake in shares of Sandisk in the third quarter valued at approximately $39,000. True Wealth Design LLC acquired a new stake in Sandisk during the third quarter worth approximately $40,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Sandisk during the 3rd quarter worth $41,000.

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.