Sandisk (NASDAQ:SNDK) Stock Rating Upgraded by Wall Street Zen

Sandisk (NASDAQ:SNDK) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

A number of other equities analysts also recently weighed in on the stock. Sanford C. Bernstein increased their price target on shares of Sandisk from $300.00 to $580.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 14th. JPMorgan Chase & Co. initiated coverage on Sandisk in a report on Monday, December 8th. They set a “neutral” rating and a $235.00 price objective for the company. Citigroup lifted their target price on Sandisk from $280.00 to $490.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Zacks Research downgraded Sandisk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Finally, Raymond James Financial upgraded Sandisk from a “market perform” rating to an “outperform” rating and set a $725.00 price target for the company in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Sandisk has a consensus rating of “Moderate Buy” and a consensus target price of $490.60.

Sandisk Stock Up 6.9%

Shares of NASDAQ:SNDK opened at $576.25 on Friday. The stock’s 50-day moving average price is $308.87 and its two-hundred day moving average price is $178.65. 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 12-month low of $27.89 and a 12-month high of $676.69. The firm has a market cap of $84.45 billion and a price-to-earnings ratio of -75.92.

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

Insider Activity at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of the company’s 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 completion of the sale, the director owned 3,479 shares of the company’s stock, valued at $678,892.06. This represents a 26.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sandisk

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

Key Stories Impacting Sandisk

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

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.