Sandisk (NASDAQ:SNDK) Sets New 1-Year High – What’s Next?

Sandisk Corporation (NASDAQ:SNDK)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $452.14 and last traded at $442.65, with a volume of 8424215 shares trading hands. The stock had previously closed at $413.62.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Macro/sector thesis — institutional money is rotating from GPUs into storage as AI training shifts the bottleneck to fast, high-capacity flash (checkpointing, hot-tier SSD demand). That structural thesis supports sustained revenue and margin upside for SanDisk. Forget the Chips, Buy Memory
• Positive Sentiment: Strong fundamental/earnings backdrop — analysts and investors are raising forecasts and price targets after SanDisk’s spinout benefits and reported upside in recent quarters; upgrades and bullish estimates ahead of the next quarterly report are supporting higher valuations. Sandisk (SNDK) Hits All-Time High on 75% Price Target Upgrade
• Positive Sentiment: Technical momentum — recent pennant breakout and strong moving‑average support have attracted momentum traders, extending the rally and liquidity into SNDK. This technical strength is cited as a reason for further upside in short-term price forecasts. SNDK Price Forecast: SanDisk Pennant Breakout Fuels Powerful Uptrend
• Neutral Sentiment: Performance spotlight — SanDisk is among the top YTD performers (big percentage gains), drawing broader attention and higher institutional interest; that attracts flows but also raises baseline expectations. SanDisk Shares Are Already Up 105% in 2026
• Neutral Sentiment: Investor debate on valuation and buy timing — outlets are asking whether SNDK remains a buy after massive gains; this keeps both retail and institutional debate active and increases volatility around catalysts. Sandisk stock is up over 100% in 2026; Is SNDK still a buy?
• Negative Sentiment: Short-term pullback/profit-taking — several reports note an intraday or session pullback as traders lock gains after a parabolic move; profit‑taking can accelerate volatility and sharpen corrections. SanDisk (SNDK) Stock Slips As AI Memory Chip Rally Pauses
• Negative Sentiment: Reversal risk / overbought technicals — analysts and technical-focused pieces warn the rally is overextended and a harsh reversal is possible; high P/E and stretched momentum increase the risk that disappointing news or any soft guidance will trigger a large selloff. Sandisk stock price may suffer a harsh reversal soon

Analysts Set New Price Targets

Several equities research analysts have recently commented on SNDK shares. Benchmark lifted their price target on shares of Sandisk from $260.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Wedbush raised their price objective on shares of Sandisk from $220.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Fox Advisors upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Bank of America increased their price target on Sandisk from $300.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Finally, Wall Street Zen cut Sandisk from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 27th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $327.89.

Sandisk Trading Up 0.4%

The business’s 50-day moving average price is $275.63 and its two-hundred day moving average price is $159.26. The company has a market capitalization of $73.78 billion and a P/E ratio of 1,573.25. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.29 and a quick ratio of 2.03.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings data on Thursday, November 6th. The data storage provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.64. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.12 billion. The business’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.

Insider Activity at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of Sandisk 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 transaction, the director owned 3,479 shares in the company, valued at $678,892.06. The trade was a 26.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Institutional Trading of Sandisk

Large investors have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Sandisk in the third quarter valued at approximately $27,000. CVA Family Office LLC acquired a new stake in shares of Sandisk during the third quarter worth $28,000. Westfuller Advisors LLC lifted its position in Sandisk by 51.8% in the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after acquiring an additional 43 shares in the last quarter. Parallel Advisors LLC bought a new stake in Sandisk in the 3rd quarter valued at $30,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Sandisk in the 3rd quarter worth $32,000.

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. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.