Sandisk (NASDAQ:SNDK) Price Target Raised to $450.00

Sandisk (NASDAQ:SNDK) had its target price upped by Benchmark from $260.00 to $450.00 in a report released on Thursday morning, MarketBeat reports. Benchmark currently has a buy rating on the data storage provider’s stock.

A number of other equities analysts also recently weighed in on the stock. Mizuho boosted their price target on shares of Sandisk from $250.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Royal Bank Of Canada initiated coverage on shares of Sandisk in a research note on Wednesday. They issued a “sector perform” rating and a $400.00 target price on the stock. Wells Fargo & Company increased their target price on shares of Sandisk from $115.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. Zacks Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Finally, Sanford C. Bernstein increased their price objective on Sandisk from $300.00 to $580.00 and gave the company an “outperform” rating in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $316.84.

Sandisk Stock Performance

SNDK stock opened at $413.62 on Thursday. The company has a quick ratio of 2.03, a current ratio of 3.29 and a debt-to-equity ratio of 0.14. The firm has a market cap of $60.62 billion and a PE ratio of 1,292.56. The business has a 50 day moving average of $259.52 and a 200-day moving average of $148.25. Sandisk has a 12-month low of $27.89 and a 12-month high of $432.02.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.64. The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Sandisk’s quarterly 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.

Insiders Place Their Bets

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of the business’s stock in a transaction 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 sale, the director owned 3,479 shares of the company’s stock, valued at $678,892.06. The trade was a 26.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.21% of the company’s stock.

Institutional Trading of Sandisk

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. bought a new position in Sandisk in the 3rd quarter worth about $1,970,388,000. State Street Corp purchased a new stake in shares of Sandisk in the third quarter worth about $491,053,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Sandisk in the third quarter valued at approximately $297,293,000. Bank of America Corp DE purchased a new position in Sandisk during the third quarter valued at approximately $190,425,000. Finally, AQR Capital Management LLC purchased a new position in Sandisk during the third quarter valued at approximately $163,057,000.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bernstein nearly doubled its price target and called NAND demand “unprecedented,” fueling the momentum behind SNDK shares. Bernstein Nearly Doubles PT
• Positive Sentiment: Benchmark raised its target to $450 and reiterated a Buy, signaling confidence in continued upside from supply tightness and pricing power. Benchmark Raises PT
• Positive Sentiment: Goldman Sachs raised its price target to $320 (Buy), citing strong SSD demand that supports higher revenue and pricing leverage. Goldman Sachs Raises PT
• Positive Sentiment: Multiple banks (Barclays, RBC Capital initiation, others) published higher targets or upgrades in quick succession, creating a clustering of positive research that pushed shares higher. Blockonomi Coverage of Upgrades
• Neutral Sentiment: RBC moved its rating to Sector Perform / Hold (coverage note), which is less bullish than some peers and suggests differing views on upside from current levels. RBC / Zacks Note
• Negative Sentiment: Seeking Alpha flagged that the NAND trade is getting crowded ahead of Q2 earnings, warning that positioning could amplify volatility if results or guidance disappoint. Seeking Alpha: Crowded Trade

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.