Morgan Stanley Forecasts Strong Price Appreciation for Sandisk (NASDAQ:SNDK) Stock

Sandisk (NASDAQ:SNDK) had its target price lifted by investment analysts at Morgan Stanley from $230.00 to $263.00 in a report released on Monday,Benzinga reports. The firm currently has an “overweight” rating on the data storage provider’s stock. Morgan Stanley’s price target would indicate a potential downside of 3.16% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. Susquehanna increased their price target on shares of Sandisk from $65.00 to $250.00 and gave the stock a “positive” rating in a report on Friday, November 7th. The Goldman Sachs Group increased their target price on Sandisk from $55.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Mizuho lifted their price target on Sandisk to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Zacks Research upgraded Sandisk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 14th. Finally, Sanford C. Bernstein raised Sandisk to a “strong-buy” rating in a report on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Sandisk presently has an average rating of “Moderate Buy” and an average price target of $183.00.

Sandisk Price Performance

Shares of NASDAQ SNDK opened at $271.58 on Monday. The stock has a fifty day moving average price of $135.00 and a 200 day moving average price of $74.91. Sandisk has a 1-year low of $27.89 and a 1-year high of $275.87. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.29 and a quick ratio of 2.03. The company has a market cap of $39.80 billion and a PE ratio of -468.24.

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

Institutional Trading of Sandisk

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