Sandisk Corporation (NASDAQ:SNDK) Stock Has Consensus Price Target of $2,120.65 According to Brokerages

Sandisk Corporation (NASDAQ:SNDK) has received a consensus recommendation of “Moderate Buy” from the twenty-eight ratings firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, twenty-two have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $2,120.65.

A number of research firms have commented on SNDK. Raymond James Financial boosted their target price on Sandisk from $1,470.00 to $2,000.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Jefferies Financial Group restated a “buy” rating and issued a $1,400.00 price target (up from $1,000.00) on shares of Sandisk in a research report on Thursday, August 6th. BNP Paribas Exane dropped their price target on Sandisk from $1,900.00 to $1,400.00 in a research report on Thursday, August 6th. Bank of America lifted their price target on Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Finally, Arete Research lifted their price target on Sandisk from $2,300.00 to $3,000.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: S&P Global upgraded Sandisk’s credit rating to BBB from BB+, citing stronger cash flows and rising AI-driven memory demand. The upgrade may support investor confidence in the company’s balance sheet. SanDisk Stock Upgraded to BBB by S&P Global
• Positive Sentiment: Investor Nicholas Mugalli said SNDK could reach $3,000 within two years, arguing that projected earnings could leave the stock trading below nine times earnings at that level. Other analysts have also maintained bullish targets, supporting the long-term upside case. SanDisk Has More Upside
• Positive Sentiment: A bullish analysis said fears about Chinese competition and slowing price increases are premature, pointing to robust NAND pricing, approximately $93.9 billion in NBM contracts and $16.5 billion in financial guarantees. Sandisk’s recent earnings also showed sharply higher revenue and earnings. Sandisk: The First Crack in the Memory Supercycle
• Neutral Sentiment: Sandisk is scheduled to report fiscal first-quarter 2027 results on October 29. Management’s guidance of $10.3 billion–$10.8 billion in revenue and $44–$46 in non-GAAP EPS makes the report an important test of whether pricing and margins can remain elevated. Sandisk Falls as Pre-Earnings Caution Weighs on Shares
• Negative Sentiment: Chinese memory maker CXMT outlined progress toward denser memory designs and plans to compete in high-end server memory. The development sparked a broad selloff in memory stocks, with investors fearing future pricing pressure and market-share losses for Sandisk. Memory Stocks Extend Slide Following News of Design Breakthrough in China
• Negative Sentiment: Broader AI-sector weakness and worries about AI funding, lofty semiconductor valuations and the durability of the memory supercycle are weighing on SNDK alongside its peers. Analysts also note that much of Sandisk’s recent growth came from higher pricing, increasing concern about a potential peak in the cycle.
• Negative Sentiment: Reported insider activity shows extensive selling and no insider purchases over the past six months, which may reinforce caution among investors already focused on valuation and earnings risk.

Insider Buying and Selling at Sandisk

In other Sandisk news, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $1,734.94, for a total transaction of $1,040,964.00. Following the completion of the transaction, the insider directly owned 25,588 shares in the company, valued at approximately $44,393,644.72. This trade represents a 2.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Luis Visoso sold 1,000 shares of Sandisk stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total transaction of $1,568,830.00. Following the transaction, the chief financial officer owned 130,976 shares of the company’s stock, valued at approximately $205,479,078.08. The trade was a 0.76% 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. Insiders sold a total of 77,899 shares of company stock valued at $121,159,122 in the last quarter. Insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Sandisk during the 2nd quarter valued at about $23,408,732,000. Arrowstreet Capital Limited Partnership lifted its position in Sandisk by 31.3% during the 4th 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 in the last quarter. Situational Awareness LP lifted its position in Sandisk by 42.4% during the 2nd 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 in the last quarter. Evergreen Quality Fund GP Ltd. purchased a new position in Sandisk in the 4th quarter worth approximately $255,848,000. Finally, Wellington Management Group LLP boosted its holdings 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 Price Performance

Shares of NASDAQ:SNDK opened at $1,482.33 on Friday. The business’s 50 day simple moving average is $1,598.08 and its 200-day simple moving average is $1,487.22. The firm has a market capitalization of $214.24 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 0.15 and a beta of 5.23. Sandisk has a 12 month low of $120.96 and a 12 month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping analysts’ consensus estimates of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%. The business had revenue of $8.96 billion for the quarter. During the same quarter in the prior year, the company earned $0.29 EPS. The business’s revenue was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, equities analysts anticipate that Sandisk will post 208.94 earnings per share for the current year.

Sandisk announced that its Board of Directors has approved a share buyback plan on Wednesday, August 5th that allows the company to buy back $14.00 billion in shares. This repurchase authorization allows the data storage provider to reacquire up to 6.6% of its stock through open market purchases. Share repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

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.