Sandisk (NASDAQ:SNDK) Price Target Raised to $250.00 at Susquehanna

Sandisk (NASDAQ:SNDK) had its price objective increased by Susquehanna from $65.00 to $250.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has a positive rating on the data storage provider’s stock.

A number of other equities analysts also recently issued reports on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $50.00 price target on shares of Sandisk in a report on Friday, August 15th. Morgan Stanley upped their target price on shares of Sandisk from $96.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. The Goldman Sachs Group increased their target price on shares of Sandisk from $55.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Wells Fargo & Company lifted their price target on shares of Sandisk from $50.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, October 13th. Finally, Mizuho upped their price target on Sandisk to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Sandisk has an average rating of “Moderate Buy” and a consensus target price of $170.41.

Sandisk Price Performance

Shares of Sandisk stock traded up $31.79 during trading on Friday, reaching $239.48. The company’s stock had a trading volume of 20,475,695 shares, compared to its average volume of 8,496,557. The company has a quick ratio of 2.11, a current ratio of 3.56 and a debt-to-equity ratio of 0.20. Sandisk has a 12-month low of $27.89 and a 12-month high of $240.00. The company has a market capitalization of $35.06 billion and a P/E ratio of -412.90. The business has a 50 day moving average price of $126.31 and a 200-day moving average price of $70.97.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data on Thursday, November 6th. The data storage provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.64. The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.12 billion. The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SNDK. Vanguard Group Inc. purchased a new position in Sandisk during the third quarter worth about $1,970,388,000. Parnassus Investments LLC purchased a new position in shares of Sandisk during the 3rd quarter worth about $103,815,000. Principal Financial Group Inc. purchased a new position in shares of Sandisk during the 3rd quarter worth about $74,265,000. Public Sector Pension Investment Board acquired a new stake in shares of Sandisk in the third quarter worth approximately $60,415,000. Finally, GF Fund Management CO. LTD. purchased a new stake in Sandisk in the third quarter valued at approximately $45,206,000.

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.