Benchmark Forecasts Strong Price Appreciation for Sandisk (NASDAQ:SNDK) Stock

Sandisk (NASDAQ:SNDK) had its price target upped by equities researchers at Benchmark from $260.00 to $450.00 in a research report issued on Thursday, MarketBeat reports. The brokerage presently has a “buy” rating on the data storage provider’s stock. Benchmark’s price objective would suggest a potential upside of 8.80% from the stock’s current price.

Several other equities analysts have also recently issued reports on SNDK. Citigroup raised their price target on Sandisk from $150.00 to $280.00 and gave the company a “buy” rating in a report on Friday, November 7th. Bank of America raised their target price on shares of Sandisk from $300.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Wells Fargo & Company boosted their price target on shares of Sandisk from $115.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. Susquehanna increased their price objective on shares of Sandisk from $250.00 to $300.00 and gave the company a “positive” rating in a report on Monday, December 8th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sandisk in a research note on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sandisk presently has a consensus rating of “Moderate Buy” and an average price target of $316.84.

Sandisk Stock Performance

Shares of Sandisk stock opened at $413.62 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.29 and a quick ratio of 2.03. The firm has a 50 day simple moving average of $259.52 and a 200 day simple moving average of $147.53. Sandisk has a fifty-two week low of $27.89 and a fifty-two week high of $432.02. The firm has a market cap of $60.62 billion and a P/E ratio of 1,292.56.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, November 6th. The data storage provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.64. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates 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 related 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 transaction of $248,022.94. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sandisk

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

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bernstein nearly doubled its price target and called NAND demand “unprecedented,” fueling the momentum behind SNDK shares. Bernstein Nearly Doubles PT
• Positive Sentiment: Benchmark raised its target to $450 and reiterated a Buy, signaling confidence in continued upside from supply tightness and pricing power. Benchmark Raises PT
• Positive Sentiment: Goldman Sachs raised its price target to $320 (Buy), citing strong SSD demand that supports higher revenue and pricing leverage. Goldman Sachs Raises PT
• Positive Sentiment: Multiple banks (Barclays, RBC Capital initiation, others) published higher targets or upgrades in quick succession, creating a clustering of positive research that pushed shares higher. Blockonomi Coverage of Upgrades
• Neutral Sentiment: RBC moved its rating to Sector Perform / Hold (coverage note), which is less bullish than some peers and suggests differing views on upside from current levels. RBC / Zacks Note
• Negative Sentiment: Seeking Alpha flagged that the NAND trade is getting crowded ahead of Q2 earnings, warning that positioning could amplify volatility if results or guidance disappoint. Seeking Alpha: Crowded Trade

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.