Sandisk (NASDAQ:SNDK) Given New $740.00 Price Target at Wedbush

Sandisk (NASDAQ:SNDK) had its price objective raised by Wedbush from $600.00 to $740.00 in a report issued on Friday morning,Benzinga reports. They currently have an outperform rating on the data storage provider’s stock.

A number of other equities analysts have also recently issued reports on SNDK. Wells Fargo & Company raised their target price on shares of Sandisk from $230.00 to $380.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Morgan Stanley set a $690.00 price target on Sandisk in a report on Friday. Fox Advisors upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Benchmark raised their target price on Sandisk from $260.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Finally, Sanford C. Bernstein boosted their price target on shares of Sandisk from $300.00 to $580.00 and gave the company an “outperform” rating in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $490.60.

Sandisk Stock Performance

Shares of SNDK opened at $576.25 on Friday. The stock has a market capitalization of $84.45 billion and a PE ratio of -75.92. The business’s fifty day moving average price is $308.87 and its 200 day moving average price is $178.65. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.29 and a quick ratio of 2.03. Sandisk has a 12-month low of $27.89 and a 12-month high of $676.69.

Sandisk (NASDAQ:SNDK) last released its earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, beating the consensus estimate of $3.31 by $2.89. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.37%. The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.67 billion. The business’s revenue was up 61.2% on a year-over-year basis.

Insider Activity at Sandisk

In related news, Director Necip Sayiner sold 1,271 shares of Sandisk stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total transaction of $248,022.94. Following the sale, the director directly owned 3,479 shares in the company, valued at $678,892.06. The trade was 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 available through the SEC website. Company insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On Sandisk

Several large investors have recently bought and sold shares of the stock. Whittier Trust Co. acquired a new stake in shares of Sandisk in the 4th quarter worth approximately $26,000. Westfuller Advisors LLC lifted its position in Sandisk by 51.8% in the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after purchasing an additional 43 shares during the period. Torren Management LLC bought a new position in Sandisk during the 4th quarter valued at $37,000. Assetmark Inc. increased its position in shares of Sandisk by 71.6% during the 4th quarter. Assetmark Inc. now owns 175 shares of the data storage provider’s stock valued at $42,000 after purchasing an additional 73 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Sandisk by 411.4% in the 4th quarter. Blue Trust Inc. now owns 179 shares of the data storage provider’s stock worth $42,000 after buying an additional 144 shares in the last quarter.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Q2 results substantially beat expectations — revenue ~ $3.02B (up ~61% y/y) and EPS far above consensus; management cited strong enterprise/datacenter and AI demand. Earnings Release & Slides
• Positive Sentiment: Blowout Q3 guidance: revenue guidance around $4.4–4.8B and EPS guidance (~$12–14) well above consensus, signaling much stronger demand and pricing than Street expected. Reuters: Forecast + AI Demand
• Positive Sentiment: Extended strategic supply/joint-venture support — Sandisk and Kioxia extended the Yokkaichi JV through 2034, reducing supply uncertainty for NAND output. Business Wire: JV Extension
• Positive Sentiment: Analyst reactions pushed price targets higher (examples: Wedbush raised PT to $740; Mizuho raised PT to $600), reinforcing bullish investor sentiment. Benzinga: Analyst Moves
• Neutral Sentiment: Wide media and aftermarket coverage (Barron’s, Investopedia, Zacks, Seeking Alpha) is increasing visibility and trading interest — amplifies momentum but not a fundamental change by itself. Barron’s Coverage
• Neutral Sentiment: Heavy options and leverage activity has been reported, which can increase intraday volatility; useful for traders, but adds short-term risk. Yahoo Finance: Options Activity
• Negative Sentiment: Valuation and momentum risks: the stock has already surged strongly (huge YTD/IPO run), producing an elevated P/E and leaving limited margin for execution misses or a demand slowdown; some investors may view the rally as stretched. Invezz: Valuation/Outlook
• Negative Sentiment: Macro/market risk: broader futures/market moves and any cooling in AI capex could quickly reverse sentiment given the large run-up. Benzinga: Macro Movers

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.