Sandisk (NASDAQ:SNDK) Stock Price Up 1.8% – Still a Buy?

Sandisk Corporation (NASDAQ:SNDK)’s stock price rose 1.8% during trading on Friday . The stock traded as high as $1,426.38 and last traded at $1,407.61. Approximately 13,679,987 shares changed hands during trading, a decline of 26% from the average daily volume of 18,370,574 shares. The stock had previously closed at $1,382.72.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk is benefiting from strong AI-driven data center demand, with enterprise SSD sales and new QLC Stargate solutions supporting the growth outlook. Sandisk Rides on Strong Datacenter Revenues: More Upside Ahead?
• Positive Sentiment: Sandisk has been boosted by optimism around the memory rally and AI infrastructure spending, keeping momentum investors focused on the stock’s earnings power. Sandisk Price Prediction: Has the Rally Gone Too Far?
• Positive Sentiment: Recent commentary says S&P upgraded Sandisk after it repaid all debt, built a $3.7 billion cash balance, and authorized a $6 billion buyback, all of which support the bull case. What’s Going On With Sandisk Stock Thursday?
• Neutral Sentiment: Sandisk recommended stockholders reject an unsolicited mini-tender offer from Tutanota LLC; the offer is small and unlikely to affect operations. Sandisk Recommends Stockholders Reject “Mini-Tender” Offer by Tutanota LLC
• Neutral Sentiment: An insider sale by the chief accounting officer was disclosed, but it appears routine and does not change Sandisk’s operating outlook. Top SanDisk Executive Makes Major Move With Insider Stock Sale
• Negative Sentiment: Some analysts warn the stock’s huge rally may have gone too far, leaving SNDK vulnerable if sentiment toward AI and memory names cools. ‘Don’t Throw Caution Away,’ Says Top Investor About Sandisk Stock

Analyst Ratings Changes

SNDK has been the subject of several recent analyst reports. Raymond James Financial reaffirmed an “outperform” rating and set a $1,470.00 price objective on shares of Sandisk in a research note on Friday, May 1st. Benchmark boosted their price target on shares of Sandisk from $260.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Wedbush boosted their price target on shares of Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Sanford C. Bernstein upped their price objective on shares of Sandisk from $1,250.00 to $1,700.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Finally, Arete Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,065.81.

Sandisk Stock Up 1.8%

The firm has a market cap of $208.45 billion, a PE ratio of 48.93 and a beta of 4.82. The stock’s fifty day simple moving average is $882.95 and its two-hundred day simple moving average is $547.04.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results 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. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The firm had revenue of $5.95 billion for the quarter. During the same quarter in the previous year, the company earned ($0.30) EPS. The company’s quarterly revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities research analysts anticipate that Sandisk Corporation will post 63.93 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Michael Pokorny sold 2,446 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the sale, the chief accounting officer owned 22,375 shares in the company, valued at $31,910,777.50. This represents a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Miyuki Suzuki sold 3,500 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the sale, the director owned 9,907 shares in the company, valued at approximately $6,216,939.71. The trade was a 26.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 6,525 shares of company stock worth $6,555,092 over the last 90 days. 0.21% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sandisk

Institutional investors have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC purchased a new stake in Sandisk in the third quarter worth approximately $1,136,000. Y Intercept Hong Kong Ltd bought a new position in Sandisk in the third quarter worth approximately $7,046,000. Sage Rhino Capital LLC bought a new position in Sandisk in the third quarter worth approximately $587,000. Sumitomo Mitsui Trust Group Inc. bought a new position in Sandisk in the third quarter worth approximately $514,000. Finally, HB Wealth Management LLC bought a new position in Sandisk in the third quarter worth approximately $348,000.

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. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.