Sandisk (NASDAQ:SNDK) Price Target Raised to $750.00

Sandisk (NASDAQ:SNDK) had its price target boosted by Citigroup from $490.00 to $750.00 in a report published on Monday,Benzinga reports. They currently have a buy rating on the data storage provider’s stock.

SNDK has been the subject of a number of other research reports. Wells Fargo & Company increased their target price on Sandisk from $230.00 to $380.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Raymond James Financial upgraded Sandisk from a “market perform” rating to an “outperform” rating and set a $725.00 target price on the stock in a report on Friday, January 30th. Wedbush raised their target price on shares of Sandisk from $600.00 to $740.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. China Renaissance began coverage on Sandisk in a report on Friday, December 5th. They set a “buy” rating and a $322.00 price target for the company. Finally, Jefferies Financial Group boosted their price target on Sandisk from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sandisk currently has an average rating of “Moderate Buy” and a consensus price target of $542.85.

Sandisk Price Performance

Shares of Sandisk stock opened at $584.55 on Monday. Sandisk has a 52 week low of $27.89 and a 52 week high of $725.00. The stock has a market cap of $86.26 billion and a PE ratio of -77.02. The company’s 50-day moving average price is $334.53 and its two-hundred day moving average price is $192.32. The company has a current ratio of 3.11, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $2.89. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.67 billion. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The business’s revenue for the quarter was up 61.2% on a year-over-year basis.

Insider Buying and Selling at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total transaction of $248,022.94. Following the transaction, the director directly owned 3,479 shares in the company, valued at approximately $678,892.06. This represents a 26.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.21% of the company’s stock.

Institutional Trading of Sandisk

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. acquired a new position in Sandisk in the third quarter valued at approximately $1,970,388,000. State Street Corp acquired a new position in shares of Sandisk in the 3rd quarter valued at approximately $491,053,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Sandisk during the third quarter worth $297,293,000. Bank of America Corp DE bought a new stake in shares of Sandisk in the third quarter valued at about $190,425,000. Finally, AQR Capital Management LLC acquired a new position in Sandisk during the 3rd quarter worth approximately $163,057,000.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Blowout Q2 results and aggressive forward guidance — revenue of ~$3.03B, EPS well above estimates, gross margins expanded and management raising next?quarter EPS guidance substantially, which underpins the bull case for sustained AI datacenter demand. The Memory Supercycle Is Here—2 Winners From 1 Breakup (SNDK)
• Positive Sentiment: Major analyst upgrades and sharply higher price targets (Barclays, Citigroup, Cantor Fitzgerald, UBS and others) are validating the earnings beat and boosting investor demand. Barclays Nearly Doubles SanDisk (SNDK) PT to $750
• Positive Sentiment: Secure wafer supply via an extended Kioxia joint venture and product roadmap (enterprise/256TB SSDs, HBF concepts) reduce execution risk and support pricing power in a tight NAND market. SanDisk Kioxia Venture Extension Supports AI Flash Growth
• Neutral Sentiment: Spin?off dynamics and the broader “memory supercycle” narrative have rotated capital into storage/hardware — this explains strong multi?month outperformance but also concentrates sentiment and position sizes. The AI in a Box Trade: Hardware Is the Next Boom
• Negative Sentiment: Sharp intraday pullbacks and profit?taking: traders are trimming positions after a parabolic run (reports note recent 10–20% intraday swings), which is driving today’s decline. Why SanDisk stock tumbled 10% today
• Negative Sentiment: Cycle and valuation risk — memory markets are cyclical; a supply ramp or cooling AI capex could reverse pricing and margins quickly. After a massive rally, downside can be amplified if growth expectations slip. Why SanDisk Stock Skyrocketed: 5 Key Questions Answered
• Negative Sentiment: Extreme technical/positioning risk — very high momentum readings, hard?to?borrow/short interest signals, and rapid swings mean volatility is likely to continue and can exacerbate down days. Sandisk’s Swings Are Getting Bigger—Here’s How to Play Them

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.