Sandisk Corporation (NASDAQ:SNDK) Receives Average Rating of “Moderate Buy” from Brokerages

Sandisk Corporation (NASDAQ:SNDK) has been given a consensus recommendation of “Moderate Buy” by the twenty-three brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, fourteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $542.85.

Several equities research analysts have recently commented on SNDK shares. Cantor Fitzgerald lifted their target price on Sandisk from $550.00 to $800.00 and gave the company an “overweight” rating in a research note on Friday. The Goldman Sachs Group lifted their price objective on Sandisk from $320.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday. Raymond James Financial raised Sandisk from a “market perform” rating to an “outperform” rating and set a $725.00 price objective for the company in a report on Friday. Jefferies Financial Group upped their target price on shares of Sandisk from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Friday. Finally, Barclays raised their target price on shares of Sandisk from $385.00 to $750.00 and gave the company an “equal weight” rating in a research note on Monday.

Insider Transactions at Sandisk

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of the company’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 completion of the sale, the director owned 3,479 shares in the company, valued at approximately $678,892.06. The trade was a 26.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Sandisk

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

Sandisk News Summary

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

Sandisk Trading Up 15.4%

Shares of NASDAQ SNDK opened at $665.24 on Tuesday. Sandisk has a 1-year low of $27.89 and a 1-year high of $676.69. The company has a market cap of $97.49 billion and a PE ratio of -87.65. The company has a current ratio of 3.11, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average of $317.63 and a two-hundred day moving average of $184.96.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 EPS 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 analysts’ expectations of $2.67 billion. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. Sandisk’s revenue for the quarter was up 61.2% compared to the same quarter last year.

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.