Sandisk (NASDAQ:SNDK) Price Target Raised to $390.00 at Bank of America

Sandisk (NASDAQ:SNDK) had its price objective raised by Bank of America from $300.00 to $390.00 in a report released on Wednesday,Benzinga reports. Bank of America currently has a buy rating on the data storage provider’s stock.

Several other research firms have also recently commented on SNDK. Wells Fargo & Company boosted their target price on Sandisk from $115.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Wedbush boosted their price objective on shares of Sandisk from $220.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. UBS Group restated an “overweight” rating and set a $230.00 target price on shares of Sandisk in a report on Monday, November 3rd. Sanford C. Bernstein upgraded shares of Sandisk to a “strong-buy” rating in a research note on Tuesday, September 16th. Finally, The Goldman Sachs Group boosted their price target on shares of Sandisk from $55.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $218.33.

Sandisk Price Performance

Shares of NASDAQ SNDK opened at $353.56 on Wednesday. The firm has a market cap of $51.81 billion and a PE ratio of 1,104.88. The company has a current ratio of 3.29, a quick ratio of 2.03 and a debt-to-equity ratio of 0.14. Sandisk has a 1-year low of $27.89 and a 1-year high of $354.94. The company has a fifty day moving average price of $234.70 and a 200 day moving average price of $131.65.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Thursday, November 6th. The data storage provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.64. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate 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.

Insider Activity at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of Sandisk stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total value of $248,022.94. Following the completion of the transaction, the director owned 3,479 shares of the company’s stock, valued at $678,892.06. This trade represents a 26.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sandisk

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. acquired a new position in Sandisk during the third quarter worth approximately $1,970,388,000. State Street Corp bought a new position in shares of Sandisk during the 3rd quarter worth approximately $491,053,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Sandisk during the 3rd quarter worth approximately $297,293,000. Bank of America Corp DE acquired a new position in shares of Sandisk during the 3rd quarter worth approximately $190,425,000. Finally, AQR Capital Management LLC bought a new stake in Sandisk in the 3rd quarter valued at $163,057,000.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: NVIDIA CEO Jensen Huang publicly flagged AI data storage as a massive “unserved” market, pushing investor conviction that companies like SanDisk will see sustained enterprise SSD demand and pricing power. Why SanDisk Just Had One of the Biggest Days in Its History
• Positive Sentiment: Industry research (TrendForce coverage) expects large NAND contract price increases in Q1 (mid‑30% range), which would directly boost SanDisk’s revenue and margins if realized. Why SanDisk Just Had One of the Biggest Days in Its History
• Positive Sentiment: Bank of America and other analysts have raised targets / reiterated Buy views (BofA PT to $390), signaling fresh institutional conviction and giving the rally more fuel. SanDisk: Strengthening NAND Leadership for AI Workloads Drives Upside Potential and Raised $390 Price Target
• Positive Sentiment: Product/CES momentum — SanDisk unveiled a major rebrand (Sandisk Optimus SSD line), a visible sign of commercialization and marketing push into high‑end SSDs for gamers and data centers. Sandisk stock rallies on CES debut of new ‘Optimus’ SSD line
• Neutral Sentiment: Technical/order‑flow signals: a Benzinga Power Inflow alert drew short‑term momentum traders back in after an intraday dip, amplifying today’s move but not altering fundamentals. Sandisk Shares Climb 5% Following Key Trading Signal
• Negative Sentiment: Valuation and overbought risk: multiple pieces flag extreme recent gains (SNDK up many hundreds of percent over the past year) and technical overbought conditions, increasing the risk of a sharp pullback if sentiment cools. SanDisk Stock Just Became Overbought After 20% Surge in SNDK. How Should You Play the Top S&P 500 Name Here?
• Negative Sentiment: Fundamental caution: analysts and commentators warn that the rally may be momentum‑driven and that existing price targets imply downside versus today’s post‑surge level — watch for profit‑taking and how/if consensus targets are repriced. Sandisk Replaces Nvidia as the New AI Chip Darling. Why That’s a Big Risk.

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.