Sandisk (NASDAQ:SNDK) Trading 8.7% Higher – What’s Next?

Sandisk Corporation (NASDAQ:SNDK) was up 8.7% during trading on Friday . The stock traded as high as $365.80 and last traded at $363.49. Approximately 5,232,700 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 14,206,607 shares. The stock had previously closed at $334.54.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Report says SanDisk could double prices for 3D NAND used in enterprise SSDs — if true, much higher ASPs (average selling prices) for high‑capacity enterprise flash would boost margins and revenue visibility, supporting a re-rating of SNDK. Sandisk surges after report indicating company could double price of 3D NAND for enterprise SSDs: report
• Positive Sentiment: Nomura / market writeups cited by news outlets say SanDisk plans to sharply raise prices on high‑capacity parts — reinforcing the price‑power narrative and helping lift sentiment among momentum traders and funds focused on AI supply chains. Why SanDisk Stock (SNDK) Is Surging Today
• Positive Sentiment: Bank of America raised its price target to $390 and reiterated a Buy — the upgrade follows Nvidia’s CES comments about a large unserved memory market, and BofA links that secular demand to higher valuation support for SNDK. BofA Hikes SanDisk (SNDK) PT to $390 Following Nvidia’s CES 2026 AI Roadmap
• Positive Sentiment: Nvidia CEO Jensen Huang highlighted memory as a major unserved market at CES — that macro narrative increases conviction that data‑center flash demand (and pricing) will remain strong, benefiting memory suppliers like SanDisk. SanDisk Trending After Nvidia CEO Jensen Huang Flags Memory As Major ‘Unserved Market’ With Surging Demand And Prices
• Neutral Sentiment: SanDisk appears on lists of top stocks to “double up” on for 2026 — positive publicity but more thematic than news‑driven; useful for retail inflows but not a direct catalyst. Top Stocks to Double Up on Right Now
• Neutral Sentiment: MarketBeat and other roundups note SanDisk’s massive 2025 run and early‑2026 momentum — supports investor interest and flows, though it’s reiterative of existing momentum rather than a new fundamental change. MarketBeat Week in Review – 01/05 – 01/09
• Negative Sentiment: Technical/valuation caution: coverage flagged SNDK as overbought after a ~20% surge — raises risk of a short-term pullback or consolidation despite favorable fundamentals. SanDisk Stock Just Became Overbought After 20% Surge in SNDK

Analyst Ratings Changes

Several research firms recently issued reports on SNDK. The Goldman Sachs Group reiterated a “buy” rating and issued a $320.00 price target on shares of Sandisk in a report on Friday. UBS Group restated an “overweight” rating and set a $230.00 target price on shares of Sandisk in a research report on Monday, November 3rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sandisk in a research report on Monday, December 29th. Cantor Fitzgerald increased their price objective on shares of Sandisk from $240.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Sandisk in a report on Monday, December 8th. They set a “neutral” rating and a $235.00 target price for the company. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $239.17.

Sandisk Stock Up 12.8%

The firm has a market cap of $55.31 billion and a P/E ratio of 1,179.41. The firm’s 50 day moving average is $241.03 and its two-hundred day moving average is $135.97. 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 (NASDAQ:SNDK) last posted its earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.64. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.12 billion. The company’s 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.

Insider Buying and Selling

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of Sandisk stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total transaction of $248,022.94. Following the transaction, the director directly owned 3,479 shares in the company, valued at approximately $678,892.06. The trade was a 26.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Sandisk

A number of hedge funds have recently modified their holdings of SNDK. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Sandisk during the 3rd quarter worth approximately $27,000. CVA Family Office LLC acquired a new position in shares of Sandisk in the third quarter valued at approximately $28,000. Parallel Advisors LLC bought a new stake in shares of Sandisk during the third quarter worth $30,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Sandisk during the third quarter worth $32,000. Finally, Covestor Ltd acquired a new stake in shares of Sandisk during the third quarter worth $37,000.

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. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.