Sandisk (NASDAQ:SNDK) Price Target Raised to $875.00 at Citigroup

Sandisk (NASDAQ:SNDK) had its price target boosted by Citigroup from $750.00 to $875.00 in a research note released on Thursday,Benzinga reports. Citigroup currently has a buy rating on the data storage provider’s stock.

A number of other analysts have also recently issued reports on SNDK. Raymond James Financial upgraded Sandisk from a “market perform” rating to an “outperform” rating and set a $725.00 target price for the company in a report on Friday, January 30th. Mizuho set a $600.00 price target on shares of Sandisk in a research note on Tuesday, January 27th. Jefferies Financial Group upped their price objective on shares of Sandisk from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Barclays raised their target price on Sandisk from $385.00 to $750.00 and gave the company an “equal weight” rating in a research note on Monday, February 2nd. Finally, The Goldman Sachs Group boosted 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. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Sandisk currently has a consensus rating of “Moderate Buy” and an average price target of $570.19.

Sandisk Price Performance

Shares of NASDAQ:SNDK opened at $772.09 on Thursday. The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06. The company has a market cap of $113.96 billion and a P/E ratio of -101.72. The business has a fifty day simple moving average of $573.83 and a 200-day simple moving average of $316.78. Sandisk has a 52 week low of $27.89 and a 52 week high of $776.00.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data 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 company had revenue of $3.03 billion during 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.

Insider Transactions at Sandisk

In related news, Director Miyuki Suzuki sold 3,500 shares of the company’s 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 completion of the transaction, the director directly owned 9,907 shares in the company, valued at $6,216,939.71. This represents a 26.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SNDK. Whittier Trust Co. bought a new position in Sandisk in the 4th quarter worth approximately $26,000. Greenline Wealth Management LLC acquired a new position in Sandisk during the fourth quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Sandisk in the 3rd quarter worth approximately $27,000. Chung Wu Investment Group LLC bought a new stake in Sandisk during the fourth quarter worth approximately $27,000. Finally, CVA Family Office LLC acquired a new position in Sandisk in the third quarter worth approximately $28,000.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Citi sharply raised its forecast and now carries a “buy” rating on SNDK, boosting investor confidence by citing surging data‑center NAND bit demand. This analyst upgrade and higher price target are a direct catalyst for buying interest. SanDisk Stock Jumps as Citi Analyst Hikes Forecast
• Positive Sentiment: KGI Securities initiated coverage with an “outperform” and a $992 price target, adding another institutional analyst endorsement that signals more upside potential. KGI Securities initiates coverage of SanDisk
• Positive Sentiment: Recent earnings and guidance momentum: SanDisk reported a strong quarter (EPS and revenue beats) and shares recently hit an all‑time high as the market priced in robust AI/data‑center storage demand. Those fundamentals are underpinning the rally. SanDisk Stock Hits All-Time High — What’s Driving the Stock?
• Positive Sentiment: Analyst and research writeups highlight a multi‑quarter AI/NAND tailwind, margin expansion and multi‑year customer agreements — the kind of structural visibility that supports higher valuation multiples. SanDisk’s Quiet AI Boom Could Still Surprise Investors
• Positive Sentiment: Institutional “big money” buying and inflows have been reported, which increases demand for the stock and can amplify price moves during analyst upgrades. See SanDisk Rise on Big Money Buys
• Positive Sentiment: Technical setup: charts have flashed bullish signals (golden cross), attracting momentum traders and technical funds into the name. These 2 Data Storage Stocks Just Flashed Golden Crosses
• Neutral Sentiment: Speculation about a potential stock split has popped up in financial press — splits can be bullish on announcement but are speculative until management confirms. Monitor for any corporate action commentary. 3 Surefire Stock Splits to Buy in 2026
• Negative Sentiment: Volatility: the stock experienced a sharp pre‑market gap lower at one point (a ~5% pre‑market drop) — short‑term traders should expect swings as sentiment and flows shift quickly after big analyst moves. SanDisk Stock Is Down 5% In Pre‑Market — Is the Dip a Gift?

Sandisk Company Profile

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.