Analysts Set Sandisk Corporation (NASDAQ:SNDK) Price Target at $594.48

Shares of Sandisk Corporation (NASDAQ:SNDK) have earned a consensus recommendation of “Moderate Buy” from the twenty-four brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $594.4762.

Several equities research analysts recently weighed in on SNDK shares. Barclays increased their price objective on shares of Sandisk from $385.00 to $750.00 and gave the stock an “equal weight” rating in a research note on Monday, February 2nd. China Renaissance began coverage on Sandisk in a report on Friday, December 5th. They set a “buy” rating and a $322.00 target price for the company. Benchmark increased their price target on Sandisk from $260.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Raymond James Financial raised Sandisk from a “market perform” rating to an “outperform” rating and set a $725.00 price target on the stock in a report on Friday, January 30th. Finally, UBS Group set a $1,000.00 price objective on Sandisk in a research report on Monday, February 2nd.

Sandisk Stock Up 2.1%

SNDK stock opened at $615.83 on Wednesday. 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 has a 1-year low of $27.89 and a 1-year high of $777.60. The firm has a fifty day moving average price of $606.69 and a two-hundred day moving average price of $342.26. The firm has a market cap of $90.90 billion and a price-to-earnings ratio of -81.14.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, topping 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 10.11%. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.67 billion. Sandisk’s revenue was up 61.2% on a year-over-year basis.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Top analyst support rekindled buying interest — a high-profile Wall Street analyst reiterated a bullish outlook, helping lift sentiment after recent weakness. A Top Wall Street Analyst Just Reignited Hope In SanDisk Stock (SNDK)
• Positive Sentiment: Supply-security move with Taiwan’s Nanya: SanDisk is securing NAND/DRAM supply via ties with Nanya (choosing Taiwan capacity), which reduces execution risk amid rapid demand growth and supports longer-term supply tightness. After A 1,600% Stock Surge, SanDisk Is Securing Supply — By Choosing Taiwan Over America
• Positive Sentiment: Firm demand drivers remain: analysts argue SanDisk can still benefit from tight NAND supply, continued hyperscaler AI spending, and broad-based enterprise/edge demand — a structural tailwind if near-term shocks fade. Google’s TurboQuant Shakes SanDisk. What Should You Do With SNDK Stock Now?
• Neutral Sentiment: Strong recent fundamentals and momentum: coverage highlights massive trailing EPS growth and big multi-session gains this year — supportive for momentum investors but increases sensitivity to sentiment reversals. SNDK Stock: 216% EPS Growth & 1,162% Price Performance | 2-Minute Analysis
• Negative Sentiment: Google’s TurboQuant sparked a sector selloff by implying potential changes in memory usage/pricing dynamics — that headline created near-term demand uncertainty and weighed heavily on SNDK and peers. Why Is SanDisk (SNDK) Stock Down Today and Should You Buy the Dip?
• Negative Sentiment: Macro & rate pressures are dragging tech and memory stocks broadly — rising rate/fear environment makes high-multiple momentum names more volatile even if fundamentals remain strong. SNDK, WDC and STX Forecasts – Computer Companies Fall with Everything Else

Insider Transactions at Sandisk

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total value of $2,196,355.00. Following the sale, the director directly owned 9,907 shares in the company, valued at approximately $6,216,939.71. This trade represents a 26.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On Sandisk

Several institutional investors have recently modified their holdings of SNDK. Vanguard Personalized Indexing Management LLC bought a new position in Sandisk in the 3rd quarter worth approximately $1,136,000. New York State Teachers Retirement System bought a new stake in Sandisk during the 3rd quarter valued at $13,546,000. Y Intercept Hong Kong Ltd bought a new stake in Sandisk during the 3rd quarter valued at $7,046,000. Sage Rhino Capital LLC acquired a new position in Sandisk during the 3rd quarter worth $587,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Sandisk in the third quarter worth $514,000.

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.