Sandisk (NASDAQ:SNDK) Stock Price Up 5.8% on Analyst Upgrade

Shares of Sandisk Corporation (NASDAQ:SNDK) were up 5.8% during trading on Monday after Sanford C. Bernstein raised their price target on the stock from $1,250.00 to $1,700.00. Sanford C. Bernstein currently has an outperform rating on the stock. Sandisk traded as high as $1,275.11 and last traded at $1,255.86. Approximately 17,724,362 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 18,566,158 shares. The stock had previously closed at $1,187.00.

Other research analysts have also issued reports about the company. UBS Group set a $1,000.00 price objective on Sandisk in a research report on Monday, February 2nd. Mizuho set a $1,220.00 target price on Sandisk in a research report on Friday. The Goldman Sachs Group reiterated a “buy” rating and issued a $1,200.00 target price on shares of Sandisk in a research note on Friday. Cantor Fitzgerald boosted their price target on Sandisk from $1,400.00 to $1,800.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Melius Research began coverage on Sandisk in a report on Monday, April 27th. They issued a “buy” rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Sandisk presently has an average rating of “Moderate Buy” and a consensus price target of $1,065.81.

Insider Activity

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total value of $2,196,355.00. Following the transaction, the director directly owned 9,907 shares of the company’s stock, valued at $6,216,939.71. This represents a 26.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.21% of the stock is currently owned by insiders.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analyst upgrades pushed the stock — Citigroup and Wedbush cited large contract wins (reported as ~$42B) and raised targets, helping spark today’s rally. Why SanDisk Stock Is Surging On Monday?
• Positive Sentiment: Company fundamentals: the Q3 results and earnings presentation showed a large beat and strong datacenter revenue growth tied to hyperscaler contracts, underpinning analyst optimism and upward estimate revisions. Sandisk Corporation 2026 Q3 – Results – Earnings Call Presentation
• Positive Sentiment: Momentum story — media coverage highlights massive recent returns (SNDK led the S&P in April), which can attract momentum flows and retail interest. SanDisk Stock Crushes Nvidia With 45x Returns, Becomes S&P 500’s Best
• Positive Sentiment: Corporate actions & demand outlook: reporting on a buyback plan and strong AI/datacenter demand supports a bullish case for continued revenue mix shift toward higher?margin enterprise SSDs. Sandisk (SNDK) Stock; Inches Up as Buyback Plan and AI Demand Support Bullish Outlook
• Positive Sentiment: Institutional validation: Bernstein issued a buy rating, adding to the recent upgrade cadence and supporting near?term demand for the shares. SanDisk Corp (SNDK) Receives a Buy from Bernstein
• Neutral Sentiment: Earnings estimate momentum — several outlets note upward EPS revisions and short?term strength (one?week spike), which can keep momentum traders engaged but also raises expectations. Can Sandisk Corporation (SNDK) Run Higher on Rising Earnings Estimates?
• Neutral Sentiment: Market commentary asks if the run is too extended for new buyers — useful for timing decisions but not a direct catalyst. Is It Too Late To Consider Sandisk (SNDK) After A 331.3% Year To Date Surge?
• Negative Sentiment: Warning on fundamentals/technicals — a detailed note flagged that Q3 upside was price/mix not volume, bit shipments fell, and Q4 guidance suggests pricing deceleration; the author calls out stretched technicals and unfavorable risk/reward. Sandisk: The Call Was A Warning
• Negative Sentiment: Valuation/mean reversion risk — coverage noting a multi?thousand percent run argues there’s little room to run and sets a 12?month target below current levels, implying downside risk if momentum fades. SanDisk Stock’s 3,314% Rally Leaves Little Room to Run

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. acquired a new position in Sandisk during the 3rd quarter worth $1,970,388,000. State Street Corp lifted its position in shares of Sandisk by 20.7% during the fourth quarter. State Street Corp now owns 5,281,522 shares of the data storage provider’s stock worth $1,253,728,000 after purchasing an additional 904,933 shares during the last quarter. Geode Capital Management LLC grew its stake in Sandisk by 44.9% in the fourth quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider’s stock worth $866,310,000 after purchasing an additional 1,133,276 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Sandisk by 31.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,478,002 shares of the data storage provider’s stock valued at $825,608,000 after buying an additional 828,332 shares during the last quarter. Finally, Morgan Stanley raised its stake in Sandisk by 7.2% during the fourth quarter. Morgan Stanley now owns 2,970,361 shares of the data storage provider’s stock valued at $705,105,000 after buying an additional 199,545 shares in the last quarter.

Sandisk Price Performance

The company has a 50 day moving average of $753.17 and a 200-day moving average of $474.35. The company has a quick ratio of 3.62, a current ratio of 4.78 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $185.36 billion, a P/E ratio of 43.65 and a beta of 4.82.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business had revenue of $5.95 billion during the quarter. During the same period in the prior year, the company earned ($0.30) EPS. Sandisk’s quarterly revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Sell-side analysts predict that Sandisk Corporation will post 47.45 EPS for the current year.

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.