Sandisk (NASDAQ:SNDK) Research Coverage Started at China Renaissance

China Renaissance assumed coverage on shares of Sandisk (NASDAQ:SNDK) in a report published on Friday morning, Marketbeat.com reports. The firm issued a buy rating and a $322.00 target price on the data storage provider’s stock.

Several other equities analysts have also commented on the company. Citigroup increased their price objective on Sandisk from $150.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 14th. Wedbush increased their price target on shares of Sandisk from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Fox Advisors upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Finally, Cantor Fitzgerald upped their price objective on shares of Sandisk from $240.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Sandisk has an average rating of “Moderate Buy” and a consensus price target of $209.12.

Sandisk Stock Up 7.1%

SNDK stock opened at $228.47 on Friday. The company has a current ratio of 3.29, a quick ratio of 2.03 and a debt-to-equity ratio of 0.14. Sandisk has a 1-year low of $27.89 and a 1-year high of $284.76. The stock has a market cap of $33.48 billion and a price-to-earnings ratio of 713.97. The company’s 50 day moving average is $186.71 and its 200 day moving average is $99.04.

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, beating the consensus estimate of $0.58 by $0.64. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.12 billion. The business’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

In related news, Director Necip Sayiner sold 1,271 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total transaction of $248,022.94. Following the transaction, the director owned 3,479 shares in the company, valued at $678,892.06. The trade was a 26.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.21% of the stock is owned by insiders.

Institutional Inflows and Outflows

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

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.