Sandisk (NASDAQ:SNDK) Shares Up 7.5% – Time to Buy?

Sandisk Corporation (NASDAQ:SNDK)’s share price was up 7.5% during trading on Tuesday . The stock traded as high as $1,641.74 and last traded at $1,589.55. Approximately 12,636,520 shares were traded during trading, a decline of 30% from the average daily volume of 17,991,602 shares. The stock had previously closed at $1,478.69.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts and market commentators say SanDisk is one of the biggest beneficiaries of the AI storage supercycle, with memory demand still running ahead of supply. SanDisk Rides AI Storage Supercycle As Memory Prices Enter ‘New Normal’
• Positive Sentiment: Rising memory prices and strong analyst enthusiasm, including a major target increase, are fueling expectations for continued earnings momentum. SanDisk Rides AI Storage Supercycle As Memory Prices Enter ‘New Normal’
• Positive Sentiment: Momentum traders are still chasing the stock after its huge multi-month run, with coverage asking whether the rally can extend further. Is SanDisk Stock (SNDK) Still Worth Buying After Today’s Rally?
• Neutral Sentiment: Some articles focus on valuation, technical patterns, and whether the stock’s sharp run has made it vulnerable to consolidation, which may add volatility but does not change the core bullish setup. Sandisk stock flashes a double-top pattern: is a crash coming?
• Negative Sentiment: Several pieces warn that the stock’s massive gains could leave it stretched on valuation, raising the risk of a pullback if memory prices or sentiment cool. SanDisk (SNDK) Stock Surges Over 500% in 2026 — Analysts Weigh In on Valuation Concerns

Analyst Upgrades and Downgrades

SNDK has been the subject of a number of analyst reports. Wedbush boosted their price target on Sandisk from $740.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Morgan Stanley reissued an “overweight” rating and issued a $1,100.00 price objective on shares of Sandisk in a research note on Monday, April 27th. Wall Street Zen upgraded Sandisk from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Finally, Barclays increased their price target on Sandisk from $750.00 to $1,200.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Sandisk presently has a consensus rating of “Moderate Buy” and an average price target of $1,157.14.

Sandisk Price Performance

The company has a market capitalization of $235.40 billion, a P/E ratio of 55.25 and a beta of 4.82. The stock’s fifty day simple moving average is $999.79 and its 200-day simple moving average is $608.04.

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 return on equity of 44.06% and a net margin of 34.19%.The business had revenue of $5.95 billion for the quarter. During the same quarter in the previous year, the firm posted ($0.30) earnings per share. The company’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. On average, research analysts predict that Sandisk Corporation will post 63.58 earnings per share for the current year.

Insider Buying and Selling at Sandisk

In other news, Director Necip Sayiner sold 579 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total value of $870,300.69. Following the completion of the sale, the director directly owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. This represents a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 directly owned 9,907 shares of the company’s stock, valued at $6,216,939.71. This represents a 26.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 6,525 shares of company stock valued at $6,555,092 in the last 90 days. 0.21% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sandisk

Several large investors have recently bought and sold shares of SNDK. Valley Wealth Managers Inc. bought a new stake in Sandisk in the 1st quarter valued at $25,000. Whittier Trust Co. bought a new position in shares of Sandisk during the 4th quarter worth about $26,000. Greenline Wealth Management LLC acquired a new position in shares of Sandisk during the fourth quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Sandisk in the third quarter valued at about $27,000. Finally, Chung Wu Investment Group LLC bought a new stake in shares of Sandisk in the fourth quarter valued at about $27,000.

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.