Mizuho Raises Sandisk (NASDAQ:SNDK) Price Target to $1,000.00

Sandisk (NASDAQ:SNDK) had its price objective upped by research analysts at Mizuho from $710.00 to $1,000.00 in a note issued to investors on Friday, Marketbeat Ratings reports. The brokerage currently has an “outperform” rating on the data storage provider’s stock. Mizuho’s target price would indicate a potential upside of 17.40% from the company’s previous close.

Several other research firms have also issued reports on SNDK. Zacks Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Morgan Stanley set a $690.00 price target on shares of Sandisk in a research report on Friday, January 30th. Jefferies Financial Group increased their price target on shares of Sandisk from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $650.00 price target on shares of Sandisk in a research report on Friday, January 30th. Finally, Wells Fargo & Company increased their price target on shares of Sandisk from $230.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Sandisk has an average rating of “Moderate Buy” and a consensus price target of $654.95.

Sandisk Stock Up 0.0%

NASDAQ SNDK opened at $851.77 on Friday. 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 has a 50-day simple moving average of $652.35 and a 200 day simple moving average of $388.42. Sandisk has a twelve month low of $28.27 and a twelve month high of $873.95. The stock has a market cap of $125.72 billion, a PE ratio of -112.22 and a beta of 5.04.

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 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 firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.67 billion. The company’s revenue for the quarter was up 61.2% compared to the same quarter last year.

Insider Buying and Selling at Sandisk

In other news, Director Miyuki Suzuki sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.21% of the company’s stock.

Institutional Trading of Sandisk

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

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analyst bullishness: Bernstein and several street firms have issued aggressive price targets (Bernstein $1,250 and others at $1,000), citing underappreciated upside from stronger-than-expected NAND pricing and robust AI data-center demand — a primary reason traders are buying SNDK. Bernstein Sees 47% Upside In SanDisk Stock On Strong NAND Pricing
• Positive Sentiment: Structural growth thesis: Analysts and commentators point to SanDisk becoming a pure‑play NAND beneficiary of the AI/data‑center cycle, backed by supply discipline and new product nodes (BiCS8, “Stargate”) that should support margins and revenue. This narrative is supporting higher valuation multiples. SanDisk’s Rally Is Backed By Something Bigger
• Positive Sentiment: Multiple price-target upgrades and reiterations: Mizuho, Cantor Fitzgerald and others either raised targets or reaffirmed outperform/overweight calls this week, which is fueling momentum and ETF/trader flows into the memory trade. SanDisk Stock Captures More Records on Lofty Bull Note
• Neutral Sentiment: Earnings as a catalyst: SanDisk reports Q3 fiscal 2026 on April 30 — strong results (higher pricing, hyperscaler demand) could extend the run, while any softness would likely trigger a pullback; investors are positioning ahead of the print. SanDisk Stock Is Exploding Higher—Is SNDK a Buy Before April 30 Earnings?
• Neutral Sentiment: Sector momentum: Coverage noting SanDisk as a standout in the broader memory/storage rally is drawing inflows from thematic funds and rotation into “AI memory” names. This helps explain broad-based demand but can reverse if flows fade. Intel, Sandisk and Other Big Winners in the S&P 500’s Hot Streak
• Negative Sentiment: Heightened risk/valuation stretch: Social‑driven momentum, heavy options activity and commentators warning of froth create downside risk — a disappointing print or cooling NAND prices could prompt sharp reversals given the stock’s high beta. SanDisk Stock (SNDK) Opinions on AI Memory Demand Rally
• Negative Sentiment: Short‑term pullbacks already seen: After a record run, intraday slips and consolidation occurred as some traders took profits; momentum can flip quickly in this environment. Sandisk Shares Slip Friday After Record Run Fueled By AI Memory Trade

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.