Sandisk (NASDAQ:SNDK) Stock Price Up 15.4% After Analyst Upgrade

Sandisk Corporation (NASDAQ:SNDK)’s stock price traded up 15.4% during trading on Monday after Citigroup raised their price target on the stock from $490.00 to $750.00. Citigroup currently has a buy rating on the stock. Sandisk traded as high as $674.00 and last traded at $665.24. 27,998,593 shares were traded during mid-day trading, an increase of 54% from the average session volume of 18,219,355 shares. The stock had previously closed at $576.25.

SNDK has been the topic of several other research reports. China Renaissance began coverage on Sandisk in a report on Friday, December 5th. They set a “buy” rating and a $322.00 price target on the stock. Jefferies Financial Group lifted their target price on shares of Sandisk from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday. Wedbush increased their price target on shares of Sandisk from $600.00 to $740.00 and gave the company an “outperform” rating in a research note on Friday. Susquehanna lifted their price target on shares of Sandisk from $250.00 to $300.00 and gave the company a “positive” rating in a research report on Monday, December 8th. Finally, Wells Fargo & Company upped their price objective on Sandisk from $230.00 to $380.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $542.85.

Insider Buying and Selling at Sandisk

In related news, Director Necip Sayiner sold 1,271 shares of Sandisk stock in a transaction that occurred 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 sale, the director owned 3,479 shares in the company, valued at approximately $678,892.06. This trade represents a 26.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.21% of the company’s stock.

Trending Headlines about Sandisk

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

Institutional Investors Weigh In On Sandisk

Several institutional investors and hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. acquired a new position in Sandisk during the 2nd quarter worth about $317,000. Corient Private Wealth LLC acquired a new stake in shares of Sandisk during the second quarter worth about $353,000. Praxis Investment Management Inc. acquired a new stake in shares of Sandisk during the third quarter worth about $533,000. GAMMA Investing LLC purchased a new position in shares of Sandisk in the third quarter valued at approximately $439,000. Finally, Voya Investment Management LLC acquired a new position in shares of Sandisk in the third quarter valued at approximately $8,917,000.

Sandisk Stock Performance

The stock has a market capitalization of $97.49 billion and a PE ratio of -87.65. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 3.11. The firm’s 50 day moving average is $317.63 and its two-hundred day moving average is $184.96.

Sandisk (NASDAQ:SNDK) last issued 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. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The company had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.67 billion. The business’s quarterly revenue 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.