Sandisk (NASDAQ:SNDK) Given New $1,000.00 Price Target at Cantor Fitzgerald

Sandisk (NASDAQ:SNDK) had its price objective increased by Cantor Fitzgerald from $800.00 to $1,000.00 in a report released on Thursday,Benzinga reports. They currently have an overweight rating on the data storage provider’s stock.

A number of other research analysts have also recently issued reports on the company. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Jefferies Financial Group lifted their target price on Sandisk from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $650.00 target price on shares of Sandisk in a report on Friday, January 30th. Sanford C. Bernstein lifted their target price on Sandisk from $300.00 to $580.00 and gave the stock an “outperform” rating in a report on Wednesday, January 14th. Finally, Barclays lifted their target price on Sandisk from $385.00 to $750.00 and gave the stock an “equal weight” rating in a report on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Sandisk presently has a consensus rating of “Moderate Buy” and an average target price of $604.00.

Sandisk Stock Up 9.0%

Shares of NASDAQ:SNDK opened at $851.57 on Thursday. The stock has a fifty day simple moving average of $646.84 and a two-hundred day simple moving average of $381.23. The stock has a market capitalization of $125.69 billion, a price-to-earnings ratio of -112.20 and a beta of 5.04. Sandisk has a 12-month low of $28.27 and a 12-month high of $855.00. 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 announced its quarterly earnings data on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $2.89. The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The business’s revenue was up 61.2% compared to the same quarter last year.

Insider Activity at Sandisk

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of Sandisk 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 completion of the sale, the director owned 9,907 shares of the company’s stock, valued at approximately $6,216,939.71. This trade represents a 26.11% 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.

Institutional Trading of Sandisk

Several large investors have recently modified their holdings of SNDK. Vanguard Group Inc. bought a new stake in shares of Sandisk in the third quarter worth $1,970,388,000. State Street Corp bought a new stake in shares of Sandisk in the third quarter worth $491,053,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Sandisk in the third quarter worth $297,293,000. Norges Bank bought a new stake in shares of Sandisk in the fourth quarter worth $518,889,000. Finally, Bank of America Corp DE bought a new stake in shares of Sandisk in the third quarter worth $190,425,000.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Renewed AI-data-center demand and rising NAND prices are being credited for the run-up — traders and ETF flows are rotating back into memory names, boosting SNDK. SanDisk Stock Hits All-Time High
• Positive Sentiment: Analyst bullishness: Cantor Fitzgerald raised its price target (now overweight), Bernstein and others have very high targets (e.g., $1,250 bull calls), which supports momentum and buyer interest. Analyst Target Raise (Benzinga)
• Positive Sentiment: Media/market commentary highlights the stock as a top-performing blue‑chip and speculates even larger upside if the AI-memory cycle continues — that narrative is attracting momentum traders. Why Sandisk Made the Best Performing Blue Chip Stocks List
• Positive Sentiment: Strategic deal: Sandisk’s subsidiary agreed to buy ~139M shares of Nanya (DRAM) for roughly $1B — expands exposure to DRAM and vertical positioning amid secular memory demand. Sandisk to Acquire Nanya Technology
• Neutral Sentiment: Recent fundamentals: Q2 results showed a big beat (EPS and +61% YoY revenue), which underpins optimism but the market is currently driven as much by narrative and flows as by incremental fundamental changes. (Company Q2 results)
• Neutral Sentiment: Price-target dispersion: Wall Street targets vary widely (median lower than the highest bulls), so further moves may depend on continued proof of sustained NAND pricing and AI demand. QuiverQuant Discussion
• Negative Sentiment: Valuation and froth risk: Commentators warn of stretched valuations, very high PE and extreme run-up vs. fundamentals — the stock is volatile (high beta) and could see sharp pullbacks if NAND momentum cools. Caution on Euphoria
• Negative Sentiment: Insider and institutional activity mixed: recent insider sales and large institutional rebalances (some big sellers reduced positions) could limit upside if momentum fades. Insider/Institutional Activity
• Negative Sentiment: Contrarian view: some analysts/writers urge caution and say they aren’t chasing the cycle — a reminder that sentiment-driven rallies can reverse quickly. Seeking Alpha Caution Piece

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.