Sandisk (NASDAQ:SNDK) Trading 4.6% Higher on Analyst Upgrade

Sandisk Corporation (NASDAQ:SNDK) traded up 4.6% during mid-day trading on Tuesday after Citigroup raised their price target on the stock from $490.00 to $750.00. Citigroup currently has a buy rating on the stock. Sandisk traded as high as $725.00 and last traded at $695.51. 30,724,659 shares changed hands during mid-day trading, an increase of 63% from the average session volume of 18,865,043 shares. The stock had previously closed at $665.24.

SNDK has been the subject of several other reports. Wedbush upped their price target on shares of Sandisk from $600.00 to $740.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. assumed coverage on Sandisk in a report on Monday, December 8th. They issued a “neutral” rating and a $235.00 price objective for the company. Bank of America lifted their target price on Sandisk from $300.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sandisk in a research note on Monday, December 29th. Finally, Susquehanna raised their price objective on Sandisk from $250.00 to $300.00 and gave the stock a “positive” rating in a research report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $542.85.

Insider Activity

In related news, Director Necip Sayiner sold 1,271 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total transaction of $248,022.94. Following the sale, the director owned 3,479 shares in the company, valued at $678,892.06. This represents a 26.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is owned by corporate insiders.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Blowout Q2 results and bullish guidance — SanDisk reported ~$3.03B revenue (+61% YoY), EPS well above estimates and rapidly expanding gross margins; management guided materially higher near-term margins and EPS, signaling sustained AI-driven storage demand. The Memory Supercycle Is Here—2 Winners From 1 Breakup
• Positive Sentiment: Analyst upgrades and price-target raises are piling up — multiple firms (Cantor Fitzgerald, Citigroup, Barclays, UBS, Bernstein) jumped to buy/overweight ratings and materially higher targets, reflecting renewed confidence in SanDisk’s earnings power and justifying upside for the stock. Sandisk (SNDK) Soars as Berstein Hikes PT by 72%
• Positive Sentiment: Supply continuity secured — SanDisk extended its joint venture with Kioxia, lowering a key operational risk around wafer supply and supporting the firm’s ability to capture extended AI-driven demand. SanDisk Kioxia Venture Extension Supports AI Flash Growth And Valuation Gap
• Neutral Sentiment: Macro rotation into hardware/edge AI — several pieces argue the market is shifting from chips/software to device and server vendors (the “AI in a box” or hardware supercycle thesis), which supports higher demand for SanDisk products but distributes gains across OEMs like Dell and HP. The AI in a Box Trade: Hardware Is the Next Boom
• Neutral Sentiment: Market technicals and broader indices — futures and broader market strength are providing supportive tape, but this is a secondary driver versus company-specific earnings and guidance. Stock Market Today: S&P 500, Nasdaq 100 Futures Gain Amid Gold, Silver Rebound—Palantir Technologies, SanDisk, PepsiCo In Focus
• Negative Sentiment: Technical extreme and crowding risk — social-media enthusiasm and technical indicators show the stock is far above long-term averages (large percent above the 200‑day MA) and hard-to-borrow/short-interest data suggest elevated crowding and vulnerability to a sharp pullback. SanDisk Stock (SNDK) Opinions on Q2 Earnings Beat

Institutional Trading of Sandisk

Large investors have recently modified their holdings of the stock. Whittier Trust Co. acquired a new position in shares of Sandisk during the 4th quarter valued at $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Sandisk in the third quarter valued at $27,000. Chung Wu Investment Group LLC bought a new stake in Sandisk in the fourth quarter valued at $27,000. CVA Family Office LLC acquired a new position in shares of Sandisk during the third quarter valued at about $28,000. Finally, Westfuller Advisors LLC boosted its position in shares of Sandisk by 51.8% during the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after purchasing an additional 43 shares in the last quarter.

Sandisk Stock Performance

The company has a market capitalization of $102.64 billion and a price-to-earnings ratio of -91.64. The company has a 50 day moving average price of $327.14 and a 200 day moving average price of $189.56. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 3.11.

Sandisk (NASDAQ:SNDK) last announced 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 positive return on equity of 10.11% and a negative net margin of 11.66%.The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.67 billion. The company’s 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.