Sandisk Corporation (NASDAQ:SNDK) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Sandisk Corporation (NASDAQ:SNDK) has been assigned an average recommendation of “Moderate Buy” from the twenty-five analysts that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $1,684.2381.

A number of equities research analysts recently issued reports on SNDK shares. Bank of America lifted their price target on shares of Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Weiss Ratings upgraded shares of Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Sanford C. Bernstein increased their price objective on shares of Sandisk from $1,700.00 to $3,000.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Melius Research set a $2,350.00 target price on shares of Sandisk in a research report on Monday, May 18th. Finally, Wells Fargo & Company boosted their target price on shares of Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st.

Sandisk Trading Up 7.6%

Shares of SNDK stock opened at $1,858.27 on Friday. The company has a market capitalization of $275.19 billion, a P/E ratio of 64.59 and a beta of 4.74. The business’s 50 day moving average is $1,709.27 and its two-hundred day moving average is $990.08. Sandisk has a 12-month low of $40.10 and a 12-month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. The business had revenue of $5.95 billion during the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The firm’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, research analysts predict that Sandisk will post 64.01 earnings per share for the current fiscal year.

Insider Transactions at Sandisk

In other Sandisk news, insider Bernard Shek sold 600 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following the completion of the transaction, the insider owned 31,515 shares of the company’s stock, valued at $65,803,320. This represents a 1.87% decrease in their ownership of the stock. The sale 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, EVP Alper Ilkbahar sold 2,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 52,677 shares in the company, valued at approximately $92,531,364.66. This trade represents a 3.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 6,225 shares of company stock valued at $10,166,297. 0.21% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC boosted its stake in Sandisk by 14.3% during the 2nd quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider’s stock worth $109,000 after purchasing an additional 6 shares during the last quarter. Castle Rock Wealth Management LLC raised its position in shares of Sandisk by 2.4% in the second quarter. Castle Rock Wealth Management LLC now owns 426 shares of the data storage provider’s stock valued at $969,000 after buying an additional 10 shares during the last quarter. Legacy Wealth Asset Management LLC raised its position in shares of Sandisk by 1.6% in the second quarter. Legacy Wealth Asset Management LLC now owns 772 shares of the data storage provider’s stock valued at $1,755,000 after buying an additional 12 shares during the last quarter. GHP Investment Advisors Inc. lifted its stake in shares of Sandisk by 12.0% in the first quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock worth $77,000 after buying an additional 13 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of Sandisk by 2.5% in the second quarter. Versant Capital Management Inc now owns 527 shares of the data storage provider’s stock worth $1,198,000 after buying an additional 13 shares in the last quarter.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk shares rallied after reports that Meta signed a multi-year NAND flash supply agreement, adding credibility to the company’s AI infrastructure growth story and signaling stronger demand for its storage products. SanDisk (SNDK) Shares Spike 10% on Multi-Year Meta Storage Partnership
• Positive Sentiment: Wedbush raised its price target on Sandisk to $2,000 from $1,200 ahead of fiscal Q4 results, reflecting expectations for strong earnings and sales driven by tight NAND supply and improving demand. SanDisk set for earnings upside as Wedbush lifts price target
• Positive Sentiment: Memory and storage stocks, including Sandisk, rebounded sharply after earlier weakness tied to Samsung-led sector selling, suggesting investors are buying the dip in the group. Micron, SanDisk recover after Samsung-led selloff; fresh catalysts add to sentiment
• Neutral Sentiment: Sandisk announced it will report fiscal Q4 and full-year 2026 results on August 5 and hold an Investor Day on August 13, which keeps attention on upcoming execution and guidance but does not change fundamentals by itself. Sandisk to Report Fiscal Fourth Quarter and Fiscal Year 2026 Results on August 5, 2026; Announces Investor Day on August 13, 2026
• Negative Sentiment: Some articles warned that the memory sector remains volatile and that Chinese domestic memory makers could pressure established vendors like Sandisk over time, which may limit upside if the rally fades. SanDisk and Micron Risk Profit Squeeze from Chinese Memory Threat

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.