Sandisk Corporation (NASDAQ:SNDK) Receives $1,684.24 Consensus Target Price from Analysts

Sandisk Corporation (NASDAQ:SNDK) has earned a consensus rating of “Moderate Buy” from the twenty-five analysts that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, nineteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $1,684.2381.

Several equities research analysts recently issued reports on the company. Weiss Ratings upgraded Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $1,200.00 target price on shares of Sandisk in a research note on Friday, May 1st. Wedbush increased their price objective on Sandisk from $740.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Arete Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Finally, Evercore reaffirmed an “outperform” rating and issued a $1,400.00 price target on shares of Sandisk in a research note on Friday, May 1st.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Several articles still frame SanDisk as a high-momentum name, supported by surging AI-driven demand for NAND flash, strong recent earnings, and analyst optimism that the company can keep gaining in the second half of 2026.
• Positive Sentiment: Analysts remain bullish overall, with reports highlighting higher price targets and expectations for another very strong quarter, suggesting the long-term growth story is still intact. SanDisk Stock (SNDK) Rises as Goldman Lifts Price Target by Over 83%; Expects a ‘Very Strong Quarter’
• Positive Sentiment: Recent commentary notes that SanDisk has benefited from a structural memory shortage and improving margins, with some pieces arguing the pullback could be a reset rather than the end of the rally. Flash Crash or Cash? The AI Hardware Reset Investors Can’t Ignore (SNDK)
• Neutral Sentiment: Articles also highlighted how sharply the stock had already run this year, which may be prompting some investors to lock in gains after a massive multi-month move. Sandisk Stock Is Up Nearly 635% in 2026. Can It Still Go Higher?
• Negative Sentiment: The biggest near-term pressure is a memory-sector rout sparked by Samsung’s strong results, which some traders interpreted as a sign that supply is improving and pricing power could moderate. SanDisk stock drops as Samsung-led chip selloff hits memory sector
• Negative Sentiment: Several pieces warn that SanDisk’s huge recent gains may be vulnerable to a deeper correction if investors continue rotating out of high-flying memory names after the recent run-up.

Sandisk Price Performance

NASDAQ:SNDK opened at $1,617.70 on Friday. Sandisk has a 1-year low of $40.10 and a 1-year high of $2,354.39. The firm has a market capitalization of $239.57 billion, a P/E ratio of 56.23 and a beta of 4.74. The company’s fifty day moving average price is $1,679.01 and its 200-day moving average price is $968.04.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The firm had revenue of $5.95 billion during the quarter. During the same quarter in the prior year, the firm earned ($0.30) earnings per share. The business’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. Equities analysts anticipate that Sandisk will post 64.01 EPS for the current fiscal year.

Insider Buying and Selling at Sandisk

In other news, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following the completion of the sale, the insider directly owned 31,515 shares of the company’s stock, valued at approximately $65,803,320. The trade was a 1.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Necip Sayiner sold 579 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total value of $870,300.69. Following the completion of the transaction, the director owned 2,900 shares in the company, valued at approximately $4,359,019. The trade was a 16.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,225 shares of company stock valued at $10,166,297 in the last quarter. Corporate insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SNDK. 55 North Private Wealth LLC acquired a new position in Sandisk during the second quarter worth $573,000. Byrne Asset Management LLC acquired a new stake in Sandisk in the second quarter valued at $828,000. Thrive Wealth Management LLC acquired a new stake in Sandisk in the second quarter valued at $505,000. Chapin Davis Inc. boosted its position in shares of Sandisk by 2,036.3% during the 2nd quarter. Chapin Davis Inc. now owns 9,293 shares of the data storage provider’s stock worth $21,130,000 after purchasing an additional 8,858 shares in the last quarter. Finally, Foster Group Inc. purchased a new stake in shares of Sandisk during the 2nd quarter worth $716,000.

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.