Sandisk (NASDAQ:SNDK) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Sandisk (NASDAQ:SNDK) from a hold rating to a strong-buy rating in a report issued on Tuesday morning,Zacks reports.

SNDK has been the topic of several other research reports. Weiss Ratings downgraded shares of Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Raymond James Financial increased their price objective on shares of Sandisk from $1,470.00 to $2,000.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. BNP Paribas Exane lowered their price objective on shares of Sandisk from $1,900.00 to $1,400.00 in a research report on Thursday, August 6th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,400.00 target price (up from $1,000.00) on shares of Sandisk in a research note on Thursday, August 6th. Finally, China Renaissance upped their target price on shares of Sandisk from $2,000.00 to $2,250.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $2,120.65.

Sandisk Stock Performance

Shares of SNDK opened at $1,403.34 on Tuesday. The stock has a fifty day moving average price of $1,599.14 and a two-hundred day moving average price of $1,492.85. Sandisk has a 52-week low of $130.50 and a 52-week high of $2,354.39. The company has a market cap of $202.82 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 0.15 and a beta of 5.23.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping the consensus estimate of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%. The company had revenue of $8.96 billion for the quarter. During the same quarter in the previous year, the company posted $0.29 EPS. Sandisk’s revenue for the quarter was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, research analysts predict that Sandisk will post 208.94 EPS for the current fiscal year.

Sandisk declared that its board has initiated a stock repurchase plan on Wednesday, August 5th that permits the company to buy back $14.00 billion in outstanding shares. This repurchase authorization permits the data storage provider to reacquire up to 6.6% of its shares through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Sandisk

In other Sandisk news, CFO Luis Visoso sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total transaction of $1,568,830.00. Following the completion of the sale, the chief financial officer directly owned 130,976 shares of the company’s stock, valued at approximately $205,479,078.08. The trade was a 0.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 2,308 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $1,767.33, for a total transaction of $4,078,997.64. Following the transaction, the insider owned 25,305 shares in the company, valued at approximately $44,722,285.65. The trade was a 8.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 77,899 shares of company stock worth $121,159,122 in the last ninety days. 0.29% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sandisk

Several institutional investors have recently modified their holdings of SNDK. HBW Advisory Services LLC boosted its holdings in Sandisk by 65.0% in the 3rd quarter. HBW Advisory Services LLC now owns 264 shares of the data storage provider’s stock valued at $459,000 after purchasing an additional 104 shares during the period. Howard Financial Services LTD. increased its holdings in shares of Sandisk by 36.3% during the third quarter. Howard Financial Services LTD. now owns 139 shares of the data storage provider’s stock worth $242,000 after purchasing an additional 37 shares during the period. Martin Capital Advisors LLP increased its holdings in shares of Sandisk by 7.7% during the third quarter. Martin Capital Advisors LLP now owns 752 shares of the data storage provider’s stock worth $1,308,000 after purchasing an additional 54 shares during the period. Mather Group LLC. increased its holdings in shares of Sandisk by 13.3% during the third quarter. Mather Group LLC. now owns 1,803 shares of the data storage provider’s stock worth $3,137,000 after purchasing an additional 211 shares during the period. Finally, Fortune 45 LLC increased its holdings in shares of Sandisk by 4.1% during the third quarter. Fortune 45 LLC now owns 455 shares of the data storage provider’s stock worth $791,000 after purchasing an additional 18 shares during the period.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Zacks upgraded SanDisk from “hold” to “strong buy,” signaling increased confidence in the company’s earnings outlook and potential recovery. The upgrade follows recent analyst commentary highlighting AI-driven demand and long-term growth opportunities.
• Positive Sentiment: SanDisk’s partnership with Meta Platforms to provide storage options for Meta VR Glasses supports the company’s position in emerging AI, virtual-reality and data-intensive applications, although the announcement has not offset broader sector selling. SanDisk Stock Drops Despite Meta Partnership
• Positive Sentiment: Several analysts continue to view the selloff as a buying opportunity, citing strong AI-related demand, robust NAND pricing and SanDisk’s reported long-term contracts and financial guarantees. Some bullish commentary has suggested substantially higher price targets. AI Memory Chip Selloff Looks Overblown
• Neutral Sentiment: The stock’s sharp volatility reflects conflicting signals: optimism about a supply-constrained AI buildout into 2027 versus concerns that the memory upcycle may be nearing a peak. SanDisk’s elevated beta makes it especially sensitive to changes in semiconductor sentiment. Bull Case for SanDisk for 2027
• Negative Sentiment: Chinese memory manufacturer CXMT’s progress toward high-end server-memory products has raised fears of greater competition, potentially pressuring SanDisk’s pricing, market share and future margins. Why Memory Stocks Are Falling
• Negative Sentiment: Hotter-than-expected U.S. inflation increased interest-rate concerns and contributed to a broader risk-off move in semiconductor shares, extending SanDisk’s recent decline.
• Negative Sentiment: SanDisk fell even after the Meta announcement as investors focused more heavily on the China-competition risk and weakness across the memory-chip group.

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