Sandisk Corporation (NASDAQ:SNDK) Receives Average Recommendation of “Moderate Buy” from Analysts

Sandisk Corporation (NASDAQ:SNDK) has received an average rating of “Moderate Buy” from the twenty-six research firms that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $1,811.3810.

A number of analysts recently issued reports on SNDK shares. Weiss Ratings downgraded Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st. Bank of America increased their price target on Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Citigroup raised their price target on Sandisk from $2,025.00 to $2,500.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Arete Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Finally, Cantor Fitzgerald upped their price objective on Sandisk from $1,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th.

Insider Activity

In other news, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the transaction, the executive vice president owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This trade represents a 3.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the transaction, the director owned 2,900 shares in the company, valued at $4,359,019. This represents a 16.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 6,225 shares of company stock valued at $10,166,297. 0.21% of the stock is owned by insiders.

Institutional Investors Weigh In On Sandisk

Several hedge funds have recently bought and sold shares of SNDK. State Street Corp bought a new position in Sandisk during the third quarter worth about $491,053,000. Arrowstreet Capital Limited Partnership bought a new stake in Sandisk in the third quarter valued at approximately $297,293,000. Norges Bank bought a new stake in Sandisk in the fourth quarter valued at approximately $518,889,000. Bank of America Corp DE bought a new stake in Sandisk in the third quarter valued at approximately $190,425,000. Finally, AQR Capital Management LLC acquired a new position in shares of Sandisk during the 3rd quarter worth approximately $163,057,000.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Strong memory demand, constrained supply, and continued AI infrastructure spending remain supportive of SanDisk’s long-term earnings outlook. Analysts expect the company to benefit from the memory boom, while its upcoming August 5 earnings report could provide another catalyst if SanDisk delivers the kind of earnings beats and guidance increases it has posted recently. Micron vs. Sandisk: Which Stock Is the Better Buy for the Memory Boom?
• Positive Sentiment: Research cited in the coverage suggests Chinese manufacturers are advancing in NAND and DRAM but remain behind leading companies in high-bandwidth memory, leaving portions of the AI memory market less immediately exposed. China Is Coming For SanDisk—But Not Yet For Micron’s Memory Crown

Sandisk Trading Down 11.0%

Shares of SNDK stock opened at $1,278.23 on Tuesday. Sandisk has a 1 year low of $40.10 and a 1 year high of $2,354.39. The firm’s fifty day moving average price is $1,752.94 and its two-hundred day moving average price is $1,099.50. The firm has a market capitalization of $189.29 billion, a P/E ratio of 44.43 and a beta of 4.74.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company had revenue of $5.95 billion during the quarter. During the same quarter in the prior year, the company earned ($0.30) earnings per share. The company’s quarterly revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities research analysts forecast that Sandisk will post 64.52 EPS for the current fiscal year.

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.