Sandisk (NASDAQ:SNDK) Research Coverage Started at Evercore

Evercore initiated coverage on shares of Sandisk (NASDAQ:SNDK) in a research note released on Monday morning, MarketBeat Ratings reports. The brokerage issued an outperform rating on the data storage provider’s stock.

Several other research firms have also recently weighed in on SNDK. Wall Street Zen upgraded Sandisk from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. The Goldman Sachs Group raised their price target on Sandisk from $320.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Zacks Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Benchmark boosted their price objective on shares of Sandisk from $260.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $650.00 price objective on shares of Sandisk in a report on Friday, January 30th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $684.50.

Sandisk Stock Down 5.6%

SNDK stock opened at $891.72 on Monday. The company’s 50 day moving average is $669.21 and its 200 day moving average is $405.82. The stock has a market cap of $131.62 billion, a price-to-earnings ratio of -117.49 and a beta of 5.04. 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 has a 1-year low of $28.94 and a 1-year high of $965.00.

Sandisk (NASDAQ:SNDK) last announced its 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. The company had revenue of $3.03 billion during 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 firm’s revenue for the quarter was up 61.2% compared to the same quarter last year.

Insider Buying and Selling

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total transaction 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On Sandisk

Hedge funds and other institutional investors have recently modified their holdings of the company. Whittier Trust Co. bought a new stake in Sandisk during the 4th quarter worth approximately $26,000. Greenline Wealth Management LLC purchased a new stake in shares of Sandisk in the fourth quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Sandisk in the third quarter worth $27,000. Chung Wu Investment Group LLC bought a new stake in shares of Sandisk during the 4th quarter valued at $27,000. Finally, CVA Family Office LLC bought a new stake in shares of Sandisk during the 3rd quarter valued at $28,000.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Nasdaq‑100 inclusion will force index and passive funds to buy SNDK shares, creating a material source of demand ahead of the April 20 entry. The $600 Billion Buy Signal For SanDisk Stock
• Positive Sentiment: Multiple bullish analyst actions (Evercore initiating at Outperform, Jefferies raising its price target, Arete upgrading to strong‑buy) are supporting investor optimism and higher targets. Evercore Initiates Coverage
• Positive Sentiment: Fundamentals/market thesis remain constructive: recent quarterly results beat revenue and EPS expectations and analysts continue to point to accelerating AI/data‑center memory demand. SanDisk Stock Surges 2,739% in 12 Months
• Neutral Sentiment: The stock’s extraordinary run (multi‑thousand percent gains YTD) and heavy media/retail coverage make short‑term flows unpredictable — inclusion and upgrades are positive but already priced to some extent. SanDisk Stock Surges 2,739% — Memory Demand Soars
• Negative Sentiment: Today’s decline aligns with sectorwide profit‑taking: memory names pulled back together as investors locked gains after a historic run, pressuring SNDK intraday. Micron Falls 5%, SanDisk Drops 7%
• Negative Sentiment: Heightened volatility and headline risk (very high beta, heavy retail interest, lingering data‑center demand uncertainties) increase the chance of sharp pullbacks despite positive catalysts. What’s Going On With SanDisk Stock?

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.