Sandisk (NASDAQ:SNDK) Price Target Raised to $450.00 at Benchmark

Sandisk (NASDAQ:SNDK) had its target price increased by Benchmark from $260.00 to $450.00 in a report issued on Thursday, MarketBeat Ratings reports. Benchmark currently has a buy rating on the data storage provider’s stock.

A number of other brokerages have also recently weighed in on SNDK. JPMorgan Chase & Co. assumed 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. Wells Fargo & Company raised their price objective on Sandisk from $115.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. Wall Street Zen lowered Sandisk from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 27th. UBS Group set a $580.00 target price on Sandisk in a report on Wednesday. Finally, Mizuho boosted their price objective on Sandisk from $250.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $316.84.

Sandisk Stock Up 5.5%

SNDK opened at $409.24 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.03 and a current ratio of 3.29. The company has a market capitalization of $59.97 billion and a PE ratio of 1,278.88. The stock’s fifty day moving average is $256.04 and its 200-day moving average is $144.99. Sandisk has a one year low of $27.89 and a one year high of $423.35.

Sandisk (NASDAQ:SNDK) last released its 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 for the quarter, compared to analyst estimates of $2.12 billion. The firm’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.

Insider Buying and Selling

In other news, Director Necip Sayiner sold 1,271 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were 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 $678,892.06. The trade was a 26.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new stake in Sandisk in the 4th quarter worth approximately $1,519,000. Vaughan Nelson Investment Management L.P. bought a new position in Sandisk in the 4th quarter worth $16,018,000. Retirement Systems of Alabama bought a new stake in Sandisk during the fourth quarter valued at about $7,030,000. Waldron Private Wealth LLC bought a new stake in Sandisk during the 4th quarter valued at approximately $351,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Sandisk in the 4th quarter valued at approximately $1,750,000.

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.