Sandisk (NASDAQ:SNDK) Stock Price Expected to Rise, Wedbush Analyst Says

Sandisk (NASDAQ:SNDK) had its target price increased by Wedbush from $600.00 to $740.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the data storage provider’s stock. Wedbush’s price objective points to a potential upside of 20.41% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Barclays set a $385.00 price objective on Sandisk in a research note on Thursday, January 15th. China Renaissance began coverage on shares of Sandisk in a research note on Friday, December 5th. They set a “buy” rating and a $322.00 price objective for the company. Benchmark increased their price objective on shares of Sandisk from $260.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Royal Bank Of Canada restated a “sector perform” rating and set a $650.00 target price on shares of Sandisk in a research report on Friday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $700.00 price target on shares of Sandisk in a research report on Friday. One investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $490.60.

Sandisk Stock Performance

NASDAQ:SNDK traded up $75.25 during trading hours on Friday, hitting $614.55. 12,949,968 shares of the company were exchanged, compared to its average volume of 15,991,085. 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 52-week low of $27.89 and a 52-week high of $676.69. The stock has a market capitalization of $90.06 billion and a price-to-earnings ratio of 1,920.47. The company’s 50 day moving average price is $301.35 and its 200-day moving average price is $174.97.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.64. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Sandisk’s revenue was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Insider Transactions at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total value of $248,022.94. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Sandisk

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. acquired a new stake in Sandisk during the 2nd quarter worth $317,000. Corient Private Wealth LLC acquired a new position in Sandisk during the second quarter worth about $353,000. Praxis Investment Management Inc. acquired a new position in Sandisk during the third quarter worth about $533,000. GAMMA Investing LLC acquired a new stake in Sandisk in the 3rd quarter valued at about $439,000. Finally, Voya Investment Management LLC acquired a new stake in Sandisk in the 3rd quarter valued at about $8,917,000.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Blowout Q2 results — Sandisk reported a large earnings and revenue beat, driven by AI/data?center demand and better product mix; the quarter showed sharp profit growth. Sandisk Reports Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: Blockbuster Q3 guidance — management guided materially above Street expectations for the next quarter (revenue guidance in the ~$4.4–4.8B area and double?digit EPS guidance), signaling continued AI-driven demand and margin improvement. That guidance is the main driver of the overnight rally. SanDisk (SNDK) Stock: Flash Storage Demand Powers Historic Earnings Surge
• Positive Sentiment: Supply visibility extended — Sandisk and Kioxia extended their Yokkaichi joint?venture agreement through 2034, securing NAND manufacturing capacity at a crucial time for AI customers. That reduces supply risk and supports upside to revenue and margins. Kioxia and Sandisk Extend Yokkaichi Joint Venture Agreement Through 2034
• Positive Sentiment: Analyst upgrade — Mizuho raised its price target substantially (to $600), citing NAND pricing tailwinds and AI demand, adding institutional momentum behind the move. Mizuho Raises SanDisk (SNDK) PT, Cites Massive NAND Pricing Tailwinds, AI Demand
• Neutral Sentiment: Macro context — broader U.S. futures weakness and market attention around policy headlines are creating a mixed backdrop; SNDK’s move is company?specific but could be influenced by overall market sentiment. Stock Market Today: Nasdaq, S&P 500 Futures Decline As Investors Await Trump’s New Fed Chair Pick— SanDisk, Deckers, Robinhood In Focus
• Negative Sentiment: Valuation and volatility risk — rapid price gains, heavy options/leveraged activity and an outsized run-up year?to?date raise the risk of sharp pullbacks if guidance execution or NAND pricing proves softer than expected. Investors should weigh high short?term upside versus elevated implied volatility. Sandisk Leverage And Options Activity Reframe Valuation And Volatility Profile

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.