Sandisk’s (SNDK) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Sandisk (NASDAQ:SNDK) in a research note published on Friday morning,Benzinga reports. Rosenblatt Securities currently has a $2,400.00 price target on the data storage provider’s stock.

Several other equities analysts have also commented on SNDK. BNP Paribas Exane dropped their target price on Sandisk from $1,900.00 to $1,400.00 in a research note on Thursday, August 6th. China Renaissance lifted their price objective on shares of Sandisk from $2,000.00 to $2,250.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Royal Bank Of Canada dropped their price target on Sandisk from $1,600.00 to $1,400.00 and set a “sector perform” rating for the company in a research note on Friday. Wedbush reiterated an “outperform” rating and set a $2,000.00 target price on shares of Sandisk in a report on Friday, August 14th. Finally, Wells Fargo & Company boosted their target price on Sandisk from $1,400.00 to $1,550.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Sandisk has an average rating of “Moderate Buy” and a consensus target price of $2,056.23.

Sandisk Price Performance

Sandisk stock opened at $1,150.89 on Friday. Sandisk has a fifty-two week low of $183.00 and a fifty-two week high of $2,354.39. The company has a market cap of $166.34 billion, a P/E ratio of 9.23, a price-to-earnings-growth ratio of 0.11 and a beta of 5.66. The firm’s 50 day simple moving average is $1,557.91 and its 200-day simple moving average is $1,250.84.

Shares of Sandisk are going to split on Monday, November 9th. The 8-1 split was announced on Thursday, October 29th. The newly created shares will be issued to shareholders after the closing bell on Thursday, November 19th.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, October 29th. The data storage provider reported $49.51 earnings per share for the quarter, topping the consensus estimate of $46.19 by $3.32. The firm had revenue of $11.03 billion during the quarter. Sandisk had a return on equity of 125.70% and a net margin of 67.04%. The business’s revenue was up 23.0% on a year-over-year basis. During the same period last year, the business posted $1.22 earnings per share. On average, analysts expect that Sandisk will post 210.92 EPS for the current fiscal year.

Sandisk declared that its board has authorized a stock buyback program on Wednesday, August 5th that allows the company to repurchase $14 billion in shares. This repurchase authorization allows the data storage provider to purchase up to 6.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, CFO Luis Visoso sold 1,000 shares of the company’s stock in a transaction on 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 $205,479,078.08. This represents a 0.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,841 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $1,574.21, for a total transaction of $53,272,840.61. Following the sale, the chief executive officer directly owned 382,865 shares in the company, valued at approximately $602,709,911.65. This represents a 8.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 77,299 shares of company stock worth $120,461,826 in the last ninety days. Corporate insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Dogwood Wealth Management LLC boosted its holdings in Sandisk by 14.3% in the second quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider’s stock worth $109,000 after acquiring an additional 6 shares in the last quarter. Nilsine Partners LLC lifted its position in Sandisk by 3.2% in the second quarter. Nilsine Partners LLC now owns 226 shares of the data storage provider’s stock valued at $514,000 after buying an additional 7 shares during the last quarter. Insight Wealth Partners LLC lifted its holdings in Sandisk by 0.4% during the 2nd quarter. Insight Wealth Partners LLC now owns 1,607 shares of the data storage provider’s stock worth $3,654,000 after buying an additional 7 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in shares of Sandisk by 2.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 340 shares of the data storage provider’s stock worth $592,000 after purchasing an additional 8 shares in the last quarter. Finally, SYM FINANCIAL Corp increased its position in Sandisk by 3.1% during the third quarter. SYM FINANCIAL Corp now owns 267 shares of the data storage provider’s stock worth $464,000 after purchasing an additional 8 shares during the last quarter.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk reported fiscal Q1 revenue of $11.03 billion and non-GAAP EPS of $49.51, exceeding Wall Street expectations. Revenue increased 378% year over year, while GAAP net income reached $8.1 billion. SanDisk Q1 2027 Earnings Call Transcript
• Positive Sentiment: Management projected fiscal Q2 revenue of $12.2 billion to $12.6 billion and highlighted strong AI-driven data-center demand, long-term customer supply agreements and a pipeline extending through 2030. Data-center revenue rose 61% sequentially. SanDisk CEO Sees Strong Customer Demand
• Positive Sentiment: The board approved an 8-for-1 forward stock split effective November 19, and Sandisk repurchased approximately $5 billion of stock during the quarter. These actions may improve trading accessibility and signal management confidence, although they do not change intrinsic value. Sandisk Tops Estimates and Announces Stock Split
• Neutral Sentiment: Analyst sentiment remains divided. Rosenblatt reaffirmed a $2,400 buy target and Susquehanna maintained a positive rating, while Wells Fargo cut its target to $1,300 with an equal-weight rating and RBC reduced its target to $1,400 with a sector-perform rating.
• Negative Sentiment: Investors appear concerned that memory pricing and margins may be near a peak, limiting further earnings upside after the stock’s substantial run. Analysts also flagged valuation risks despite the earnings beat. Analyst Sees Memory Pricing Peak
• Negative Sentiment: The broader technology and semiconductor sell-off, triggered partly by disappointing results from Amazon and Intel, pressured memory stocks across the sector. Rising competition from China’s CXMT added another concern for investors. Why Memory Stocks Are Falling

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.