Sandisk (NASDAQ:SNDK) Price Target Raised to $300.00 at Bank of America

Sandisk (NASDAQ:SNDK) had its price objective upped by stock analysts at Bank of America from $270.00 to $300.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the data storage provider’s stock. Bank of America‘s price objective points to a potential upside of 21.97% from the company’s current price.

Other research analysts have also issued reports about the stock. Fox Advisors upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. Wall Street Zen upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 15th. Wells Fargo & Company lifted their price target on Sandisk from $115.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. Finally, Susquehanna raised their target price on Sandisk from $65.00 to $250.00 and gave the stock a “positive” rating in a report on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $193.29.

Sandisk Stock Performance

SNDK opened at $245.96 on Thursday. The business has a fifty day simple moving average of $158.23 and a 200-day simple moving average of $84.00. The firm has a market cap of $36.05 billion and a PE ratio of 768.63. The company has a quick ratio of 2.03, a current ratio of 3.29 and a debt-to-equity ratio of 0.14. Sandisk has a fifty-two week low of $27.89 and a fifty-two week high of $284.76.

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

Hedge Funds Weigh In On Sandisk

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. acquired a new position in shares of Sandisk in the third quarter valued at approximately $1,970,388,000. State Street Corp bought a new stake in shares of Sandisk in the 3rd quarter valued at $491,053,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Sandisk during the 3rd quarter worth about $297,293,000. Bank of America Corp DE acquired a new stake in Sandisk in the third quarter valued at approximately $190,425,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Sandisk in the 3rd quarter worth about $163,057,000.

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.