Citigroup Boosts Sandisk (NASDAQ:SNDK) Price Target to $750.00

Sandisk (NASDAQ:SNDK) had its price target lifted by equities research analysts at Citigroup from $490.00 to $750.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the data storage provider’s stock. Citigroup’s target price suggests a potential upside of 12.04% from the company’s previous close.

A number of other brokerages have also weighed in on SNDK. Morgan Stanley set a $690.00 price target on shares of Sandisk in a research note on Friday. Wedbush lifted their price target on shares of Sandisk from $600.00 to $740.00 and gave the company an “outperform” rating in a research report on Friday. Susquehanna boosted their target price on shares of Sandisk from $250.00 to $300.00 and gave the stock a “positive” rating in a research report on Monday, December 8th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $650.00 price target on shares of Sandisk in a report on Friday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Sandisk in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $542.85.

Sandisk Price Performance

Shares of SNDK traded up $93.13 on Monday, reaching $669.38. The stock had a trading volume of 22,520,504 shares, compared to its average volume of 17,965,531. The firm has a 50-day moving average of $308.87 and a 200 day moving average of $179.60. The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $98.10 billion and a PE ratio of -88.19. Sandisk has a twelve month low of $27.89 and a twelve month high of $676.69.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Thursday, January 29th. The data storage provider reported $6.20 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $2.89. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Sandisk’s revenue was up 61.2% on a year-over-year basis.

Insider Transactions at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total transaction of $248,022.94. Following the transaction, the director directly owned 3,479 shares of the company’s stock, valued at approximately $678,892.06. This trade represents a 26.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is owned by corporate insiders.

Institutional Trading of Sandisk

A number of hedge funds and other institutional investors have recently bought and sold shares of SNDK. Whittier Trust Co. bought a new position in shares of Sandisk in the fourth quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Sandisk during the third quarter valued at $27,000. Chung Wu Investment Group LLC bought a new position in Sandisk in the 4th quarter worth about $27,000. CVA Family Office LLC bought a new stake in Sandisk during the 3rd quarter valued at about $28,000. Finally, Westfuller Advisors LLC lifted its stake in shares of 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 buying an additional 43 shares in the last quarter.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Earnings beat and bullish investor reaction — Investors continue to bid the stock after Sandisk’s stronger?than?expected quarter and upbeat outlook; coverage highlights the earnings momentum as the primary driver of the rally. SanDisk (SNDK) Stock Continues To Surge: What Investors Need To Know
• Positive Sentiment: Analysts see further upside — Multiple analysts reiterated buys and highlighted continued upside after the results, helping push the stock higher during today’s session. SanDisk stocks rockets another 16% today: why analyst see further upside ahead
• Positive Sentiment: Street price targets and bullish re?rating — Coverage notes major upside scenarios (some outlets citing targets as high as $740–$1,000), reflecting elevated expectations for NAND pricing and AI?driven demand. These raised targets are supporting today’s buying pressure. Up 1,479%, Wall Street Sees Sandisk Hitting $1,000
• Positive Sentiment: Industry re?rating vs. peers — Analysts and commentators argue smart money is rotating into Sandisk from cyclical memory peers (e.g., Micron) because of Sandisk’s higher margins and exposure to edge AI/storage, underpinning a more durable valuation uplift. Sorry, Micron: Smart Money Is Moving To Sandisk (Here’s Why)
• Positive Sentiment: Price target upgrades — At least one outlet reports a fresh price target raise to $740, and other upgrades have prompted a gap up in shares, reinforcing short?term momentum and analyst conviction. Sandisk (NASDAQ:SNDK) Price Target Raised to $740.00
• Positive Sentiment: Analyst upgrade drove an earlier gap up — Coverage notes an analyst upgrade directly preceded a sharp intraday move, signaling that broker action is amplifying the fundamentals?driven rally. Sandisk (NASDAQ:SNDK) Shares Gap Up After Analyst Upgrade
• Positive Sentiment: Wall Street median targets remain above current levels — Media pieces highlight a consensus/median analyst target near ~$690, implying additional upside from here and attracting momentum buyers. Sandisk Stock Is Up 1,500% in the Past Year Due to AI — Is It Still a Buy?
• Positive Sentiment: Profit surge coverage — Follow?up stories highlight huge YoY profit and margin expansion that validate the earnings beat and support a higher valuation multiple for a growth/AI exposure story. Sandisk (SNDK) Jumps 21.6% as Profits Spike
• Neutral Sentiment: Retail/influencer interest — Anecdotal coverage (e.g., a notable portfolio return by a public figure) shows retail and social interest, which can amplify volatility but is not a fundamental driver. U.S. Chess Champion Makes Stellar 54% Return on SanDisk Stock (SDK)

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.