Sandisk Corporation (NASDAQ:SNDK) Receives Consensus Rating of “Moderate Buy” from Analysts

Sandisk Corporation (NASDAQ:SNDK) has received a consensus recommendation of “Moderate Buy” from the twenty-two analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $213.3333.

SNDK has been the subject of several recent analyst reports. Zacks Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. The Goldman Sachs Group raised their price target on Sandisk from $55.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Wells Fargo & Company lifted their price target on Sandisk from $115.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. China Renaissance began coverage on Sandisk in a report on Friday, December 5th. They set a “buy” rating and a $322.00 price target for the company. Finally, Susquehanna upped their price objective on Sandisk from $250.00 to $300.00 and gave the stock a “positive” rating in a research report on Monday, December 8th.

Insider Transactions at Sandisk

In related news, Director Necip Sayiner sold 1,271 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total value of $248,022.94. Following the completion of the transaction, the director directly owned 3,479 shares of the company’s stock, valued at $678,892.06. This represents a 26.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.21% of the stock is owned by company insiders.

Institutional Trading of Sandisk

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. purchased a new position in shares of Sandisk in the 3rd quarter valued at $1,970,388,000. State Street Corp acquired a new position in Sandisk in the third quarter valued at $491,053,000. Arrowstreet Capital Limited Partnership acquired a new position in Sandisk in the third quarter valued at $297,293,000. Bank of America Corp DE purchased a new position in shares of Sandisk during the third quarter worth about $190,425,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Sandisk during the third quarter worth about $163,057,000.

Sandisk Stock Performance

Shares of Sandisk stock opened at $206.18 on Monday. The business has a 50-day simple moving average of $197.54 and a 200-day simple moving average of $105.64. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.03 and a current ratio of 3.29. Sandisk has a one year low of $27.89 and a one year high of $284.76. The company has a market cap of $30.22 billion and a PE ratio of 644.31.

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

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.