Sandisk (NASDAQ:SNDK) Given New $1,400.00 Price Target at Royal Bank Of Canada

Sandisk (NASDAQ:SNDK) had its price objective lowered by Royal Bank Of Canada from $1,600.00 to $1,400.00 in a report published on Friday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the data storage provider’s stock.

Other research analysts also recently issued research reports about the company. Citigroup reaffirmed a “buy” rating on shares of Sandisk in a report on Thursday, October 1st. Susquehanna lowered their price target on Sandisk from $2,745.00 to $2,720.00 and set a “positive” rating for the company in a report on Friday. Weiss Ratings lowered Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 14th. New Street Research set a $3,000.00 price target on Sandisk in a research report on Thursday, August 6th. Finally, Cantor Fitzgerald reduced their price objective on Sandisk from $2,900.00 to $2,200.00 and set an “overweight” rating on the stock in a research note on Monday, October 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Sandisk has an average rating of “Moderate Buy” and a consensus target price of $2,056.23.

Sandisk Stock Performance

Shares of SNDK stock opened at $1,150.89 on Friday. The stock has a market capitalization of $166.34 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 0.13 and a beta of 5.23. Sandisk has a one year low of $183.00 and a one year high of $2,354.39. The company’s 50-day simple moving average is $1,557.91 and its 200-day simple moving average is $1,250.84.

Sandisk’s stock is going to split on the morning of Monday, November 9th. The 8-1 split was announced on Thursday, October 29th. The newly created shares will be issued to shareholders after the market closes on Thursday, November 19th.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Thursday, October 29th. The data storage provider reported $49.51 earnings per share for the quarter, beating the consensus estimate of $46.19 by $3.32. Sandisk had a return on equity of 137.31% and a net margin of 67.04%. The firm had revenue of $11.03 billion during the quarter. During the same period in the prior year, the firm earned $1.22 earnings per share. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year. As a group, research analysts forecast that Sandisk will post 210.92 EPS for the current year.

Sandisk announced that its Board of Directors has authorized a share repurchase plan on Wednesday, August 5th that allows the company to repurchase $14 billion in outstanding shares. This buyback authorization allows the data storage provider to buy up to 6.6% of its stock through open market purchases. Share buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Sandisk

In related news, insider Bernard Shek sold 600 shares of the 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 sale, the insider owned 25,588 shares in the company, valued at $44,393,644.72. This represents a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Luis Visoso sold 1,000 shares of the firm’s 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 completion of the transaction, the chief financial officer directly owned 130,976 shares in the company, valued at $205,479,078.08. This represents a 0.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 77,899 shares of company stock worth $121,159,122 in the last ninety days. Insiders own 0.29% of the company’s stock.

Institutional Trading of Sandisk

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dogwood Wealth Management LLC increased its position in Sandisk by 14.3% in the 2nd quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider’s stock valued at $109,000 after acquiring an additional 6 shares during the period. Nilsine Partners LLC raised its stake in Sandisk by 3.2% during the 2nd quarter. Nilsine Partners LLC now owns 226 shares of the data storage provider’s stock valued at $514,000 after acquiring an additional 7 shares in the last quarter. Insight Wealth Partners LLC boosted its position in Sandisk by 0.4% during the 2nd quarter. Insight Wealth Partners LLC now owns 1,607 shares of the data storage provider’s stock worth $3,654,000 after acquiring an additional 7 shares during the period. Verdence Capital Advisors LLC boosted its position in Sandisk by 2.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 340 shares of the data storage provider’s stock worth $592,000 after acquiring an additional 8 shares during the period. Finally, SYM FINANCIAL Corp boosted its position in Sandisk by 3.1% during the 3rd quarter. SYM FINANCIAL Corp now owns 267 shares of the data storage provider’s stock worth $464,000 after acquiring an additional 8 shares during the period.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk reported fiscal Q1 revenue of $11.03 billion and non-GAAP EPS of $49.51, exceeding Wall Street expectations. Revenue increased 378% year over year, while GAAP net income reached $8.1 billion. SanDisk Q1 2027 Earnings Call Transcript
• Positive Sentiment: Management projected fiscal Q2 revenue of $12.2 billion to $12.6 billion and highlighted strong AI-driven data-center demand, long-term customer supply agreements and a pipeline extending through 2030. Data-center revenue rose 61% sequentially. SanDisk CEO Sees Strong Customer Demand
• Positive Sentiment: The board approved an 8-for-1 forward stock split effective November 19, and Sandisk repurchased approximately $5 billion of stock during the quarter. These actions may improve trading accessibility and signal management confidence, although they do not change intrinsic value. Sandisk Tops Estimates and Announces Stock Split
• Neutral Sentiment: Analyst sentiment remains divided. Rosenblatt reaffirmed a $2,400 buy target and Susquehanna maintained a positive rating, while Wells Fargo cut its target to $1,300 with an equal-weight rating and RBC reduced its target to $1,400 with a sector-perform rating.
• Negative Sentiment: Investors appear concerned that memory pricing and margins may be near a peak, limiting further earnings upside after the stock’s substantial run. Analysts also flagged valuation risks despite the earnings beat. Analyst Sees Memory Pricing Peak
• Negative Sentiment: The broader technology and semiconductor sell-off, triggered partly by disappointing results from Amazon and Intel, pressured memory stocks across the sector. Rising competition from China’s CXMT added another concern for investors. Why Memory Stocks Are Falling

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.