Sandisk (NASDAQ:SNDK) Given New $1,250.00 Price Target at Wells Fargo & Company

Sandisk (NASDAQ:SNDK) had its target price boosted by Wells Fargo & Company from $975.00 to $1,250.00 in a research note released on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the data storage provider’s stock.

Several other research analysts also recently weighed in on the stock. Wedbush upped their price target on shares of Sandisk from $740.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday. Evercore reaffirmed an “outperform” rating and set a $1,400.00 price objective on shares of Sandisk in a research note on Friday. KGI Securities assumed coverage on shares of Sandisk in a research note on Wednesday, March 18th. They set an “outperform” rating and a $992.00 price objective for the company. UBS Group set a $1,000.00 price objective on shares of Sandisk in a research note on Monday, February 2nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $1,200.00 price objective on shares of Sandisk in a research note on Friday. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,011.05.

Sandisk Price Performance

Shares of SNDK traded up $90.49 during mid-day trading on Friday, hitting $1,187.00. 22,991,801 shares of the company were exchanged, compared to its average volume of 14,250,723. Sandisk has a 1-year low of $33.05 and a 1-year high of $1,189.24. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 3.11. The company has a 50 day moving average of $753.17 and a 200-day moving average of $469.58. The stock has a market cap of $175.20 billion, a price-to-earnings ratio of -156.39 and a beta of 4.83.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping the consensus estimate of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 48.85%. The firm had revenue of $5.95 billion during the quarter. During the same quarter last year, the company earned ($0.30) EPS. The firm’s revenue for the quarter was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Analysts expect that Sandisk will post 47.45 EPS for the current fiscal year.

Insider Transactions at Sandisk

In other news, Director Miyuki Suzuki sold 3,500 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total value of $2,196,355.00. Following the completion of the sale, the director owned 9,907 shares of the company’s stock, valued at $6,216,939.71. This represents a 26.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Institutional Trading of Sandisk

Several hedge funds have recently made changes to their positions in the company. GHP Investment Advisors Inc. grew its stake in shares of Sandisk by 12.0% in the 1st quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock valued at $77,000 after buying an additional 13 shares during the period. Blair William & Co. IL grew its stake in shares of Sandisk by 0.3% in the 4th quarter. Blair William & Co. IL now owns 5,287 shares of the data storage provider’s stock valued at $1,255,000 after buying an additional 17 shares during the period. Larson Financial Group LLC grew its stake in shares of Sandisk by 20.2% in the 4th quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock valued at $52,000 after buying an additional 37 shares during the period. Composition Wealth LLC grew its stake in shares of Sandisk by 0.4% in the 4th quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider’s stock valued at $2,445,000 after buying an additional 41 shares during the period. Finally, Westfuller Advisors LLC grew its stake in shares of 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 buying an additional 43 shares during the period.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Blowout Q3 results — revenue jumped ~251% to $5.95B and non‑GAAP EPS of $23.41 materially beat estimates; management issued very strong Q4 guidance (EPS $30–33; revenue $7.75B–$8.25B), underpinning the rally. SanDisk Earnings Crush Estimates With 251% Revenue Surge
• Positive Sentiment: Company announced a $6B share buyback and reported multiple long‑term contracts (reports cite large multi‑year agreements backed by firm commitments), which reduce cyclicality and improve revenue visibility. Sandisk has thumping quarter on AI boom, secures long-term contracts and unveils big buyback
• Positive Sentiment: Margins surged (GAAP and non‑GAAP gross margins expanded sharply) driven by datacenter NAND pricing and product mix toward higher‑value SSDs — a near‑term earnings multiplier amid AI infrastructure buildout. SNDK’s Q3 Earnings Beat Estimates, Revenues Rise on Datacenter Surge
• Positive Sentiment: Analysts are revising models and raising targets after the print (examples: Cantor Fitzgerald, Wells Fargo), which supports further upside consensus. Wall Street revises Sandisk stock price target
• Neutral Sentiment: Company is shifting to a “new business model” with multi‑year contracts and guarantees that analysts say reduce cyclicality — important strategically but dependent on long‑term execution. Sandisk’s new business model improves visibility, reduces cyclicality: analysts
• Neutral Sentiment: Options and technical positioning had priced in a huge move heading into earnings (high volatility expected); some post‑print moves reflect that positioning more than a change to fundamentals. SanDisk Q3 Earnings Preview: Wall Street Braces for 21% Post-Report Swing
• Negative Sentiment: “Sell‑the‑news” / profit‑taking pressure and short‑term pullbacks followed the report in some sessions despite the beats — a common reaction after a parabolic run and heavy pre‑earnings positioning. Sandisk stock falls despite strong earnings report as investors ‘sell the news’
• Negative Sentiment: Concerns remain about how sustainable extreme margin levels and NAND pricing gains will be once supply tightness eases — commentators and some analysts flagged margin durability as a key risk. The Watchlist Panel: AI Demand vs. Supply Crunch
• Negative Sentiment: One shop (RBC) raised its target but kept a conservative “sector perform” stance, implying limited near‑term upside from current levels — a reminder of divergent Street views. Benzinga report on RBC price target

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.