Sandisk (NASDAQ:SNDK) Stock Price Down 8.2% – Here’s Why

Sandisk Corporation (NASDAQ:SNDK)’s share price dropped 8.2% on Thursday . The company traded as low as $324.10 and last traded at $324.62. Approximately 5,438,700 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 12,630,078 shares. The stock had previously closed at $353.56.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Big-picture demand catalyst — NVIDIA CEO Jensen Huang called AI data storage a “completely unserved market,” sparking a sector rally and sending SanDisk to new highs as investors priced in surging enterprise SSD demand. Read More.
• Positive Sentiment: Price tailwinds for NAND — research firms (TrendForce cited in coverage) expect large Q1 NAND price increases, which would boost SanDisk’s revenue and margins if sustained. Read More.
• Positive Sentiment: Analyst upgrade — Bank of America’s coverage raised its SanDisk price target to $390 and reiterated a buy case, supporting investor confidence. Read More.
• Positive Sentiment: Short-term bullish flow — a Power Inflow trading signal flagged heavy buying interest (institutional/retail order flow), which traders followed into the rally. Read More.
• Neutral Sentiment: Is it too late to buy? — commentary notes the memory/RAM shortage and AI-driven demand could persist, but also asks whether frothy gains leave less upside; this frames debate rather than a clear directional signal. Read More.
• Neutral Sentiment: Sector positioning view — analysts and forecasts highlight SNDK as a “picks-and-shovels” play on AI infrastructure, useful context for medium-term positioning but not an immediate catalyst. Read More.
• Negative Sentiment: Overbought / profit-taking risk — technicals flagged SNDK as overbought after a 20–27% single?day surge, increasing odds of a pullback from short-term traders. Read More.
• Negative Sentiment: Valuation and hype risk — commentators warn the rally is partly driven by hype around AI-storage; SNDK now trades well above many analyst models and has stretched multiples, leaving downside risk if price momentum fades. Read More.

Analysts Set New Price Targets

A number of brokerages have recently commented on SNDK. Citigroup upped their price objective on shares of Sandisk from $150.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Sanford C. Bernstein raised Sandisk to a “strong-buy” rating in a report on Tuesday, September 16th. Wall Street Zen downgraded Sandisk from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 27th. Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Finally, Morgan Stanley upped their target price on Sandisk from $263.00 to $273.00 and gave the company an “overweight” rating in a research note on Monday, November 24th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.33.

Sandisk Stock Performance

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 stock has a fifty day simple moving average of $234.70 and a 200-day simple moving average of $131.65. The company has a market capitalization of $47.40 billion and a P/E ratio of 1,010.81.

Sandisk (NASDAQ:SNDK) last posted its earnings results 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 firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.12 billion. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Insider Buying and Selling at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of Sandisk stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total value of $248,022.94. Following the completion of the transaction, the director owned 3,479 shares in the company, valued at approximately $678,892.06. The trade was a 26.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Sandisk

A number of large investors have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Sandisk during the third quarter worth $27,000. CVA Family Office LLC acquired a new position in Sandisk during the 3rd quarter worth about $28,000. Parallel Advisors LLC bought a new stake in Sandisk during the 3rd quarter worth about $30,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Sandisk in the 3rd quarter valued at about $32,000. Finally, Covestor Ltd acquired a new stake in Sandisk in the 3rd quarter valued at about $37,000.

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.