Sandisk (NASDAQ:SNDK) Stock Price Expected to Rise, Bank of America Analyst Says

Sandisk (NASDAQ:SNDK) had its target price increased by equities research analysts at Bank of America from $300.00 to $390.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the data storage provider’s stock. Bank of America‘s price target suggests a potential upside of 16.58% from the company’s current price.

A number of other brokerages have also recently weighed in on SNDK. Wall Street Zen cut Sandisk from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 27th. Wedbush lifted their target price on Sandisk from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Zacks Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sandisk in a research report on Monday, December 29th. Finally, Barclays lifted their price objective on shares of Sandisk from $39.00 to $220.00 and gave the company an “equal weight” rating in a report on Monday, November 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Sandisk presently has an average rating of “Moderate Buy” and an average price target of $218.33.

Sandisk Price Performance

Sandisk stock opened at $334.54 on Wednesday. The company’s 50 day simple moving average is $237.47 and its 200-day simple moving average is $133.06. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.03 and a current ratio of 3.29. Sandisk has a 1 year low of $27.89 and a 1 year high of $360.98. The company has a market capitalization of $49.03 billion and a price-to-earnings ratio of 1,045.44.

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 analysts’ consensus estimates 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 firm’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 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 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

Institutional Trading of Sandisk

A number of institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. acquired a new position in shares of Sandisk during the 2nd quarter worth about $317,000. Corient Private Wealth LLC acquired a new position in Sandisk in the second quarter valued at approximately $353,000. Praxis Investment Management Inc. acquired a new position in Sandisk in the third quarter valued at approximately $533,000. GAMMA Investing LLC purchased a new position in Sandisk in the third quarter valued at approximately $439,000. Finally, Voya Investment Management LLC acquired a new stake in Sandisk during the third quarter worth approximately $8,917,000.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: CES comment catalyst — Nvidia CEO Jensen Huang flagged storage/memory as a large, “unserved” market for AI, sparking investor re-rating and heavy buying in SanDisk as a direct beneficiary. Read More.
• Positive Sentiment: Analyst lift — Bank of America and other analysts raised price targets (BofA to $390) and reiterated Buy views, giving the rally more institutional momentum. Read More.
• Positive Sentiment: Order-flow bullishness — A “Power Inflow” trading signal (institutional/retail order-flow analytics) was flagged during the rally, an indicator some traders use to confirm momentum. Read More.
• Neutral Sentiment: Sector backdrop — Multiple pieces note a lasting AI-driven shortage in memory/RAM and rising NAND flash prices, which support Sandisk’s revenue outlook but also lifts the whole group (not unique to SNDK). Read More.
• Neutral Sentiment: Momentum explanation — Coverage pieces explain why SanDisk ripped higher (CES commentary + AI demand), useful context for the move though not a new fundamental release. Read More.
• Negative Sentiment: Technical/valuation risk — Several outlets flagged SNDK as overbought after a ~20–27% spike and warned of a short‑term pullback; stretched technicals and very high forward multiples increase downside risk if sentiment cools. Read More.
• Negative Sentiment: Profit-taking and volatility — After hitting all‑time highs on the news, traders and short‑term holders are reducing exposure, which often produces sharp, high‑volume pullbacks in names that rallied quickly. Read More.

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.