Analysts Set Sandisk Corporation (NASDAQ:SNDK) Target Price at $1,999.27

Sandisk Corporation (NASDAQ:SNDK) has been assigned an average recommendation of “Buy” from the twenty-six brokerages that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $1,998.1364.

A number of research firms have issued reports on SNDK. Morgan Stanley boosted their target price on shares of Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Sanford C. Bernstein restated an “outperform” rating on shares of Sandisk in a research note on Thursday, August 6th. Argus raised Sandisk from a “hold” rating to a “buy” rating in a report on Monday, August 10th. Jefferies Financial Group reiterated a “buy” rating on shares of Sandisk in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada increased their price objective on Sandisk from $1,300.00 to $1,600.00 and gave the stock a “sector perform” rating in a report on Friday, August 14th.

Insider Buying and Selling at Sandisk

In other news, insider Bernard Shek sold 600 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total value of $697,296.00. Following the completion of the transaction, the insider owned 30,915 shares of the company’s stock, valued at approximately $35,928,176.40. This represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the transaction, the executive vice president directly owned 52,677 shares in the company, valued at $92,531,364.66. This trade represents a 3.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,800 shares of company stock worth $6,504,856 in the last ninety days. 0.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sandisk

A number of institutional investors and hedge funds have recently bought and sold shares of SNDK. Valley Wealth Managers Inc. acquired a new position in Sandisk during the 1st quarter valued at about $25,000. Greenline Wealth Management LLC acquired a new stake in shares of Sandisk in the 4th quarter worth approximately $26,000. Chung Wu Investment Group LLC acquired a new stake in shares of Sandisk in the 4th quarter worth approximately $27,000. IMG Wealth Management Inc. acquired a new stake in shares of Sandisk in the 1st quarter worth approximately $29,000. Finally, Dunhill Financial LLC bought a new position in shares of Sandisk in the second quarter valued at approximately $30,000.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI and NAND-cycle optimism: Investor sentiment improved after reports that demand for AI infrastructure is boosting high-capacity storage, while tighter NAND supply could support pricing and margins. This has helped Sandisk maintain strong momentum after its sharp one-year advance. SanDisk Stock Climbs As NAND Optimism Lifts Memory Stocks
• Positive Sentiment: Capital-return plans attract attention: Jim Cramer highlighted Sandisk’s substantial share-buyback plans, which may support earnings per share and signal management confidence following the stock’s surge. Jim Cramer Highlights Sandisk’s Massive Buybacks
• Positive Sentiment: Wall Street remains constructive: Mizuho reduced its price target modestly to $1,875 but retained an “outperform” rating, implying considerable upside from the reference price. Other recent commentary also points to Sandisk’s momentum and potential margin expansion. Why Sandisk Is a Strong Momentum Stock
• Neutral Sentiment: Volatile sector trading: Sandisk and other memory stocks rebounded after a broad sell-off, but the group also faced renewed pre-market weakness as investors reassessed valuation and near-term memory pricing. The mixed trading indicates that sentiment remains highly sensitive to sector news. Memory Stocks Rebound After Sell-Off
• Negative Sentiment: Chinese competition is a longer-term risk: Yangtze Memory Technologies is targeting greater NAND market share by 2027, potentially increasing pricing pressure and challenging established suppliers such as Sandisk. YMTC Targets NAND Dominance

Sandisk Stock Performance

SNDK stock opened at $1,499.37 on Friday. Sandisk has a 1 year low of $47.40 and a 1 year high of $2,354.39. The stock has a market capitalization of $219.54 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 0.15 and a beta of 5.20. The stock’s fifty day moving average is $1,623.86 and its two-hundred day moving average is $1,242.46.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping the consensus estimate of $33.28 by $5.97. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The business had revenue of $8.96 billion during the quarter. During the same quarter in the prior year, the company posted $0.29 EPS. The firm’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. As a group, analysts predict that Sandisk will post 208.92 EPS for the current fiscal year.

Sandisk announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, August 5th that allows the company to buyback $14.00 billion in outstanding shares. This buyback authorization allows the data storage provider to buy up to 6.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.