Citigroup Issues Positive Forecast for Sandisk (NASDAQ:SNDK) Stock Price

Sandisk (NASDAQ:SNDK) had its target price raised by Citigroup from $490.00 to $750.00 in a research report released on Monday morning,Benzinga reports. The firm currently has a buy rating on the data storage provider’s stock.

Several other research analysts also recently weighed in on the stock. Benchmark upped their price objective on shares of Sandisk from $260.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Royal Bank Of Canada restated a “sector perform” rating and issued a $650.00 target price on shares of Sandisk in a report on Friday. The Goldman Sachs Group lifted their price target on Sandisk from $320.00 to $700.00 and gave the company a “buy” rating in a research note on Friday. Fox Advisors raised Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Finally, JPMorgan Chase & Co. assumed coverage on Sandisk in a report on Monday, December 8th. They issued a “neutral” rating and a $235.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $542.85.

Sandisk Stock Performance

Shares of SNDK opened at $665.24 on Monday. Sandisk has a one year low of $27.89 and a one year high of $676.69. The company has a market cap of $97.49 billion and a PE ratio of -87.65. The stock has a 50-day moving average of $317.63 and a 200-day moving average of $184.96. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.11 and a quick ratio of 1.92.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $2.89. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.67 billion. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The company’s revenue was up 61.2% on a year-over-year basis.

Insiders Place Their Bets

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of the company’s stock in a transaction on 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 transaction, the director owned 3,479 shares in the company, valued at $678,892.06. This represents a 26.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On Sandisk

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. bought a new position in Sandisk during the second quarter valued at about $317,000. Corient Private Wealth LLC purchased a new position in Sandisk in the second quarter valued at about $353,000. Praxis Investment Management Inc. bought a new position in shares of Sandisk during the 3rd quarter valued at approximately $533,000. GAMMA Investing LLC bought a new position in shares of Sandisk during the 3rd quarter valued at approximately $439,000. Finally, Voya Investment Management LLC purchased a new stake in shares of Sandisk during the 3rd quarter worth approximately $8,917,000.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Q2 results and outlook beat expectations — SanDisk reported a strong quarter with revenue up sharply year-over-year and an earnings beat that investors are still digesting; the earnings momentum is the catalyst cited across outlets. SanDisk stocks rockets another 16% today
• Positive Sentiment: Major analyst price-target lifts and upgrades — Citigroup raised its target to $750 with a Buy rating, and other outlets report targets in the $690–$740 range, signaling Wall Street conviction that there’s more upside. Benzinga coverage of Citigroup price-target raise
• Positive Sentiment: Wall Street bullishness and big price targets — Several pieces highlight multi‑hundred percent gains since the spin‑off and some analysts projecting $1,000+ long-term targets, reinforcing momentum buying. Up 1,479%, Wall Street Sees Sandisk Hitting $1,000
• Positive Sentiment: Industry narrative: AI-driven NAND demand — Analysis pieces argue SanDisk is benefiting from structural NAND/AI demand, higher margins and strong unit economics versus cyclical peers, which supports a higher valuation multiple. Seeking Alpha: Smart money moving to Sandisk
• Neutral Sentiment: Momentum and retail-interest anecdotes — Coverage notes big individual gains (e.g., a publicized 54% return by a noted investor), which fuels retail interest but is anecdotal for fundamentals. TipRanks: Investor return anecdote
• Negative Sentiment: Sharp overbought/technical risk — Technical coverage flags the stock sitting hundreds of percent above its 200‑day moving average (reports cite ~380% above), which raises heightened short‑term pullback risk for momentum‑driven traders. Benzinga: 380% above 200-day average

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.