Sandisk Corporation (SNDK) – What Are Investment Firms Thinking About This Stock?

Shares of Sandisk Corporation (NASDAQ:SNDK) have been assigned an average rating of “Moderate Buy” from the twenty-eight analysts that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, twenty-one have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $2,120.65.

Several equities research analysts recently commented on SNDK shares. China Renaissance boosted their price objective 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. Cantor Fitzgerald restated an “overweight” rating and set a $2,900.00 target price (up from $1,800.00) on shares of Sandisk in a report on Monday, August 10th. Wells Fargo & Company raised their target price on shares of Sandisk from $1,400.00 to $1,550.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. UBS Group restated an “overweight” rating and set a $1,750.00 target price on shares of Sandisk in a research report on Friday, August 14th. Finally, Evercore reaffirmed an “outperform” rating and issued a $3,100.00 price target (up from $1,400.00) on shares of Sandisk in a report on Thursday, August 13th.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk’s long-term growth case remains supported by strong data-center demand. One analysis argues that the company’s revenue growth, earnings power and $15.5 billion buyback authorization could support further earnings-per-share accretion if cash generation remains robust. Sandisk: The Earnings Boom Is Only Half The Story
• Positive Sentiment: Sandisk reportedly has at least $93.9 billion of expected revenue secured through multiyear contracts, including financial protections if customers fail to meet commitments. This provides meaningful demand visibility despite near-term market volatility. SanDisk Stock Is Falling on AI Fears. Its $93.9 Billion Contract Book Tells Another Story
• Positive Sentiment: Bullish analysts say continued AI infrastructure spending and data-center demand could drive substantial additional upside, with one projection placing the shares at $4,128 over the next year. Sandisk Stock Could Be Worth $4,128 in the Next Year
• Neutral Sentiment: Sandisk was upgraded by Zacks Research from “hold” to “strong buy,” although the upgrade has not offset broader sector selling.
• Negative Sentiment: Memory-chip stocks, including Sandisk, Micron and SK Hynix, are continuing a multiday selloff. Investors are concerned about Chinese competitors’ server-memory plans, cyclical oversupply and the durability of recent margin expansion. Memory Stocks Extend Selloff on China Competition Fears
• Negative Sentiment: Cathie Wood warned that memory-chip cycles can be “vicious” and indicated that her ARK strategy is moving away from the group, raising concerns that Sandisk’s rapid gains and expanding margins may not be sustainable. Cathie Wood Says the Memory Chip Trend Is Up but the Cycles Are Vicious
• Negative Sentiment: Higher Treasury yields and the possibility of an October Federal Reserve rate hike are weighing on growth and AI-related equities, adding to pressure on Sandisk. Nasdaq 100 Slides As Micron, SanDisk, CoreWeave Sink

Sandisk Stock Performance

Shares of SNDK stock opened at $1,299.30 on Friday. The stock has a fifty day moving average price of $1,603.61 and a 200 day moving average price of $1,496.95. The stock has a market cap of $187.79 billion, a PE ratio of 17.82, a P/E/G ratio of 0.13 and a beta of 5.23. Sandisk has a 1 year low of $136.29 and a 1 year high of $2,354.39.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, beating 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 period last year, the company posted $0.29 EPS. The firm’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, equities research analysts predict that Sandisk will post 208.94 earnings per share for the current year.

Sandisk declared that its Board of Directors has authorized a share buyback program on Wednesday, August 5th that allows the company to repurchase $14.00 billion in shares. This buyback authorization allows the data storage provider to reacquire up to 6.6% of its stock through open market purchases. Share buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Sandisk

In related news, EVP Alper Ilkbahar sold 4,712 shares of Sandisk stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $1,540.58, for a total transaction of $7,259,212.96. Following the completion of the transaction, the executive vice president directly owned 44,134 shares in the company, valued at $67,991,957.72. The trade was a 9.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 2,308 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $1,767.33, for a total value of $4,078,997.64. Following the sale, the insider directly owned 25,305 shares in the company, valued at approximately $44,722,285.65. The trade was a 8.36% 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. In the last quarter, insiders sold 77,899 shares of company stock valued at $121,159,122. Company insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Sandisk

Several hedge funds have recently modified their holdings of SNDK. BlackRock Inc. acquired a new position in shares of Sandisk in the second quarter valued at approximately $23,408,732,000. Arrowstreet Capital Limited Partnership boosted its position in Sandisk by 31.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,478,002 shares of the data storage provider’s stock worth $825,608,000 after acquiring an additional 828,332 shares during the last quarter. Situational Awareness LP boosted its position in Sandisk by 42.4% during the second quarter. Situational Awareness LP now owns 2,495,344 shares of the data storage provider’s stock worth $5,673,739,000 after acquiring an additional 743,325 shares during the last quarter. Evergreen Quality Fund GP Ltd. purchased a new stake in Sandisk in the 4th quarter worth approximately $255,848,000. Finally, Wellington Management Group LLP grew its stake in Sandisk by 71.2% in the 2nd quarter. Wellington Management Group LLP now owns 1,066,886 shares of the data storage provider’s stock worth $2,425,811,000 after acquiring an additional 443,714 shares during the period.

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.