Sandisk (NASDAQ:SNDK) Upgraded by Fox Advisors to Strong-Buy Rating

Fox Advisors upgraded shares of Sandisk (NASDAQ:SNDK) from a hold rating to a strong-buy rating in a research note released on Friday morning,Zacks.com reports.

A number of other equities research analysts have also commented on SNDK. Sanford C. Bernstein upgraded Sandisk to a “strong-buy” rating in a research report on Tuesday, September 16th. Morgan Stanley lifted their price objective on shares of Sandisk from $96.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. UBS Group reaffirmed an “overweight” rating and issued a $230.00 price objective on shares of Sandisk in a report on Monday. Zacks Research raised shares of Sandisk from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. Finally, Cantor Fitzgerald boosted their target price on shares of Sandisk from $240.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Sandisk has an average rating of “Moderate Buy” and a consensus price target of $170.41.

Sandisk Stock Performance

Shares of NASDAQ SNDK traded up $31.79 during mid-day trading on Friday, hitting $239.48. The stock had a trading volume of 20,475,695 shares, compared to its average volume of 8,496,557. The firm has a market cap of $35.06 billion and a PE ratio of -412.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.11 and a current ratio of 3.56. The company has a 50 day moving average of $126.31 and a two-hundred day moving average of $70.97. Sandisk has a twelve month low of $27.89 and a twelve month high of $240.00.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Thursday, November 6th. The data storage provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.64. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.12 billion. The firm’s quarterly revenue was up 22.6% on a year-over-year basis. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Institutional Inflows and Outflows

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