Sandisk (NASDAQ:SNDK) Shares Gap Up After Analyst Upgrade

Sandisk Corporation (NASDAQ:SNDK) gapped up prior to trading on Friday after Wedbush raised their price target on the stock from $600.00 to $740.00. The stock had previously closed at $539.30, but opened at $651.23. Wedbush currently has an outperform rating on the stock. Sandisk shares last traded at $645.00, with a volume of 7,983,501 shares.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. began coverage on shares of Sandisk in a report on Monday, December 8th. They issued a “neutral” rating and a $235.00 target price on the stock. Fox Advisors upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. The Goldman Sachs Group boosted their price target on shares of Sandisk from $320.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday. Bank of America increased their price objective on shares of Sandisk from $300.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Finally, Jefferies Financial Group lifted their target price on Sandisk from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $490.60.

Insider Activity at Sandisk

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of Sandisk stock in a transaction on 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 directly 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 filing with the SEC, which is available at this link. 0.21% of the stock is owned by insiders.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Q2 results substantially beat expectations — revenue ~ $3.02B (up ~61% y/y) and EPS far above consensus; management cited strong enterprise/datacenter and AI demand. Earnings Release & Slides
• Positive Sentiment: Blowout Q3 guidance: revenue guidance around $4.4–4.8B and EPS guidance (~$12–14) well above consensus, signaling much stronger demand and pricing than Street expected. Reuters: Forecast + AI Demand
• Positive Sentiment: Extended strategic supply/joint-venture support — Sandisk and Kioxia extended the Yokkaichi JV through 2034, reducing supply uncertainty for NAND output. Business Wire: JV Extension
• Positive Sentiment: Analyst reactions pushed price targets higher (examples: Wedbush raised PT to $740; Mizuho raised PT to $600), reinforcing bullish investor sentiment. Benzinga: Analyst Moves
• Neutral Sentiment: Wide media and aftermarket coverage (Barron’s, Investopedia, Zacks, Seeking Alpha) is increasing visibility and trading interest — amplifies momentum but not a fundamental change by itself. Barron’s Coverage
• Neutral Sentiment: Heavy options and leverage activity has been reported, which can increase intraday volatility; useful for traders, but adds short-term risk. Yahoo Finance: Options Activity
• Negative Sentiment: Valuation and momentum risks: the stock has already surged strongly (huge YTD/IPO run), producing an elevated P/E and leaving limited margin for execution misses or a demand slowdown; some investors may view the rally as stretched. Invezz: Valuation/Outlook
• Negative Sentiment: Macro/market risk: broader futures/market moves and any cooling in AI capex could quickly reverse sentiment given the large run-up. Benzinga: Macro Movers

Institutional Investors Weigh In On Sandisk

Several large investors have recently added to or reduced their stakes in SNDK. Citizens Financial Group Inc. RI purchased a new stake in Sandisk during the fourth quarter valued at approximately $373,000. Delta Investment Management LLC purchased a new position in shares of Sandisk in the 4th quarter worth approximately $2,747,000. FengHe Fund Management Pte. Ltd. increased its position in shares of Sandisk by 345.1% during the 4th quarter. FengHe Fund Management Pte. Ltd. now owns 431,700 shares of the data storage provider’s stock valued at $102,477,000 after purchasing an additional 334,700 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in Sandisk during the 4th quarter valued at $437,000. Finally, Torren Management LLC bought a new stake in Sandisk in the fourth quarter worth $37,000.

Sandisk Stock Performance

The company has a debt-to-equity ratio of 0.14, a current ratio of 3.29 and a quick ratio of 2.03. The business has a 50-day moving average of $308.87 and a 200-day moving average of $178.65. The company has a market capitalization of $84.45 billion and a P/E ratio of -75.92.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, beating the consensus estimate of $3.31 by $2.89. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.67 billion. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.37%. The company’s quarterly revenue was up 61.2% on a year-over-year basis.

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.