Sandisk (NASDAQ:SNDK) Stock Price Expected to Rise, Susquehanna Analyst Says

Sandisk (NASDAQ:SNDK) had its target price increased by investment analysts at Susquehanna from $250.00 to $300.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “positive” rating on the data storage provider’s stock. Susquehanna’s price objective would suggest a potential upside of 33.08% from the company’s previous close.

Several other analysts have also recently weighed in on SNDK. Mizuho lifted their price target on shares of Sandisk to $215.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. UBS Group reissued an “overweight” rating and issued a $230.00 price target on shares of Sandisk in a research note on Monday, November 3rd. JPMorgan Chase & Co. began coverage on Sandisk in a research report on Monday. They set a “neutral” rating and a $235.00 price objective on the stock. Fox Advisors upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Finally, China Renaissance began coverage on Sandisk in a research note on Friday. They issued a “buy” rating and a $322.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Sandisk currently has a consensus rating of “Moderate Buy” and a consensus target price of $213.33.

Sandisk Trading Down 1.3%

Shares of NASDAQ SNDK traded down $3.05 during trading hours on Monday, hitting $225.42. The company’s stock had a trading volume of 2,255,109 shares, compared to its average volume of 5,718,465. Sandisk has a 12 month low of $27.89 and a 12 month high of $284.76. The stock has a market cap of $33.04 billion and a price-to-earnings ratio of 704.44. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.03 and a current ratio of 3.29. The business has a 50-day simple moving average of $186.71 and a 200-day simple moving average of $99.04.

Sandisk (NASDAQ:SNDK) last released 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. The company’s quarterly revenue was up 22.6% on a year-over-year basis. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Insider Activity at Sandisk

In related 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 completion of the sale, the director owned 3,479 shares of the company’s stock, valued at $678,892.06. This trade represents a 26.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by insiders.

Institutional Trading of Sandisk

Institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. purchased a new position in shares of Sandisk in the second quarter worth $317,000. Corient Private Wealth LLC purchased a new stake in shares of Sandisk during the second quarter valued at $353,000. Praxis Investment Management Inc. bought a new stake in Sandisk in the 3rd quarter worth about $533,000. GAMMA Investing LLC bought a new stake in Sandisk in the 3rd quarter worth about $439,000. Finally, Voya Investment Management LLC bought a new position in Sandisk during the 3rd quarter valued at about $8,917,000.

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.