Sandisk (NASDAQ:SNDK) Shares Gap Up After Analyst Upgrade

Sandisk Corporation (NASDAQ:SNDK) gapped up before the market opened on Thursday after Cantor Fitzgerald raised their price target on the stock from $800.00 to $1,000.00. The stock had previously closed at $780.90, but opened at $817.08. Cantor Fitzgerald currently has an overweight rating on the stock. Sandisk shares last traded at $817.4360, with a volume of 6,065,657 shares.

Other research analysts have also recently issued reports about the stock. Barclays raised 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. Royal Bank Of Canada reissued a “sector perform” rating and set a $650.00 price objective on shares of Sandisk in a research note on Friday, January 30th. Bank of America raised their price objective on shares of Sandisk from $850.00 to $900.00 and gave the stock a “buy” rating in a research note on Monday, March 23rd. Wall Street Zen raised shares of Sandisk from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Finally, Wedbush raised their price objective on shares of Sandisk from $600.00 to $740.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $604.00.

Insider Buying and Selling at Sandisk

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of Sandisk stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total value of $2,196,355.00. Following the transaction, the director owned 9,907 shares in the company, valued at $6,216,939.71. This trade represents a 26.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is currently owned by company insiders.

Sandisk News Roundup

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

Hedge Funds Weigh In On Sandisk

A number of hedge funds have recently made changes to their positions in the business. Blair William & Co. IL raised its stake in shares of Sandisk by 0.3% in the 4th quarter. Blair William & Co. IL now owns 5,287 shares of the data storage provider’s stock valued at $1,255,000 after acquiring an additional 17 shares during the period. Larson Financial Group LLC raised its stake in shares of Sandisk by 20.2% in the 4th quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock valued at $52,000 after acquiring an additional 37 shares during the period. Composition Wealth LLC raised its stake in shares of Sandisk by 0.4% in the 4th quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider’s stock valued at $2,445,000 after acquiring an additional 41 shares during the period. Westfuller Advisors LLC raised its stake in shares of Sandisk by 51.8% in the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after acquiring an additional 43 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in shares of Sandisk by 4.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,099 shares of the data storage provider’s stock valued at $261,000 after acquiring an additional 46 shares during the period.

Sandisk Stock Performance

The stock’s 50 day moving average price is $646.84 and its 200 day moving average price is $381.23. 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 firm has a market cap of $125.69 billion, a PE ratio of -112.20 and a beta of 5.04.

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

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.