Sandisk (NASDAQ:SNDK) Cut to “Hold” at Zacks Research

Zacks Research cut shares of Sandisk (NASDAQ:SNDK) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.

A number of other equities analysts have also recently weighed in on SNDK. Sanford C. Bernstein lifted their price target on shares of Sandisk from $300.00 to $580.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. China Renaissance started coverage on shares of Sandisk in a research report on Friday, December 5th. They issued a “buy” rating and a $322.00 price objective for the company. The Goldman Sachs Group reiterated a “buy” rating and set a $320.00 target price on shares of Sandisk in a report on Friday, January 9th. Wall Street Zen cut Sandisk from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 27th. Finally, Citigroup raised their price target on Sandisk from $280.00 to $490.00 and gave the stock a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $327.89.

Sandisk Price Performance

Sandisk stock opened at $473.83 on Thursday. The company has a current ratio of 3.29, a quick ratio of 2.03 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $69.44 billion and a P/E ratio of 1,480.72. The business has a 50-day moving average of $280.02 and a 200-day moving average of $163.04. Sandisk has a 1 year low of $27.89 and a 1 year high of $509.50.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $2.12 billion. Sandisk’s revenue for the quarter was up 22.6% on a year-over-year basis. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Insider Transactions at Sandisk

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 value of $248,022.94. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SNDK. Farther Finance Advisors LLC raised its position in Sandisk by 84.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,770 shares of the data storage provider’s stock valued at $420,000 after buying an additional 811 shares during the last quarter. Patton Fund Management Inc. bought a new position in shares of Sandisk during the 4th quarter worth approximately $258,000. Assetmark Inc. raised its holdings in shares of Sandisk by 71.6% in the fourth quarter. Assetmark Inc. now owns 175 shares of the data storage provider’s stock valued at $42,000 after purchasing an additional 73 shares during the last quarter. Transcend Capital Advisors LLC bought a new stake in shares of Sandisk in the fourth quarter worth $335,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Sandisk by 276.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,269 shares of the data storage provider’s stock worth $4,099,000 after purchasing an additional 12,684 shares in the last quarter.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Structural AI-driven demand is shifting smart money into storage (hot-tier SSDs) where Sandisk benefits from pricing power and supply tightness—this underpins revenue and margin upside. Forget the Chips, Buy Memory: Why AI Money Is Moving to Storage
• Positive Sentiment: Sandisk has a history of beating estimates and analysts see another potential upside to EPS based on operating leverage and recent demand trends—this supports upside to guidance and stock momentum. Why Sandisk Could Beat Earnings Estimates Again
• Positive Sentiment: Heavy short interest and prior squeeze activity have created a crowded long/short setup—reports estimate large losses for shorts, which can amplify rallies if buying resumes. Sandisk rally inflicts $3B loss on shorts
• Neutral Sentiment: Investors are focused on SNDK’s upcoming Q2 2026 report and guidance; expectations are elevated after recent beats, so the stock is sensitive to any conservative guidance or supply/price commentary. What to Expect From Sandisk’s Q2 2026 Earnings Report
• Negative Sentiment: Profit-taking and a short-term pause in the AI memory rally are pressuring the stock after an extraordinary run (over 1,000%+ since early 2025); technical momentum is cooling, which can accelerate pullbacks. SanDisk Stock Extends Pullback As AI Memory Rally Catches Its Breath
• Negative Sentiment: Valuation and analyst caution: some outlets flag SNDK as richly valued and vulnerable to sharp reversals if growth or guidance disappoints—raises downside risk for momentum traders. 2 Ultra-Popular AI Stocks to Sell Before They Drop

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.