Sandisk (NASDAQ:SNDK) Sets New 1-Year High After Analyst Upgrade

Sandisk Corporation (NASDAQ:SNDK) hit a new 52-week high during trading on Tuesday 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 $694.52 and last traded at $694.52, with a volume of 1127280 shares. The stock had previously closed at $665.24.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. began coverage on shares of Sandisk in a research report on Monday, December 8th. They issued a “neutral” rating and a $235.00 price objective for the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a $650.00 price target on shares of Sandisk in a report on Friday. Morgan Stanley set a $690.00 price target on shares of Sandisk in a research report on Friday. Bank of America increased their price objective on Sandisk from $300.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Finally, Barclays lifted their price objective on Sandisk from $385.00 to $750.00 and gave the company an “equal weight” rating in a research note on Monday. 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $542.85.

Insider Activity

In related 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 value of $248,022.94. Following the completion of the transaction, the director directly owned 3,479 shares in the company, valued at approximately $678,892.06. The trade was a 26.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.21% of the company’s stock.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Blowout Q2 results and bullish guidance — SanDisk reported ~$3.03B revenue (+61% YoY), EPS well above estimates and rapidly expanding gross margins; management guided materially higher near-term margins and EPS, signaling sustained AI-driven storage demand. The Memory Supercycle Is Here—2 Winners From 1 Breakup
• Positive Sentiment: Analyst upgrades and price-target raises are piling up — multiple firms (Cantor Fitzgerald, Citigroup, Barclays, UBS, Bernstein) jumped to buy/overweight ratings and materially higher targets, reflecting renewed confidence in SanDisk’s earnings power and justifying upside for the stock. Sandisk (SNDK) Soars as Berstein Hikes PT by 72%
• Positive Sentiment: Supply continuity secured — SanDisk extended its joint venture with Kioxia, lowering a key operational risk around wafer supply and supporting the firm’s ability to capture extended AI-driven demand. SanDisk Kioxia Venture Extension Supports AI Flash Growth And Valuation Gap
• Neutral Sentiment: Macro rotation into hardware/edge AI — several pieces argue the market is shifting from chips/software to device and server vendors (the “AI in a box” or hardware supercycle thesis), which supports higher demand for SanDisk products but distributes gains across OEMs like Dell and HP. The AI in a Box Trade: Hardware Is the Next Boom
• Neutral Sentiment: Market technicals and broader indices — futures and broader market strength are providing supportive tape, but this is a secondary driver versus company-specific earnings and guidance. Stock Market Today: S&P 500, Nasdaq 100 Futures Gain Amid Gold, Silver Rebound—Palantir Technologies, SanDisk, PepsiCo In Focus
• Negative Sentiment: Technical extreme and crowding risk — social-media enthusiasm and technical indicators show the stock is far above long-term averages (large percent above the 200‑day MA) and hard-to-borrow/short-interest data suggest elevated crowding and vulnerability to a sharp pullback. SanDisk Stock (SNDK) Opinions on Q2 Earnings Beat

Hedge Funds Weigh In On Sandisk

A number of hedge funds and other institutional investors have recently modified their holdings of SNDK. Vanguard Group Inc. bought a new position in shares of Sandisk during the 3rd quarter valued at about $1,970,388,000. State Street Corp purchased a new stake in Sandisk in the third quarter worth approximately $491,053,000. Arrowstreet Capital Limited Partnership bought a new position in Sandisk during the third quarter valued at approximately $297,293,000. Bank of America Corp DE bought a new position in Sandisk during the third quarter valued at approximately $190,425,000. Finally, AQR Capital Management LLC purchased a new position in shares of Sandisk during the third quarter worth approximately $163,057,000.

Sandisk Trading Up 4.6%

The stock has a market capitalization of $102.64 billion and a P/E ratio of -91.64. The stock’s fifty day moving average price is $327.14 and its two-hundred day moving average price is $189.56. The company has a current ratio of 3.11, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06.

Sandisk (NASDAQ:SNDK) last released its 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 company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.67 billion. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The business’s quarterly revenue was up 61.2% on a year-over-year basis.

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.