Sandisk (NASDAQ:SNDK) Raised to Strong-Buy at Wall Street Zen

Sandisk (NASDAQ:SNDK) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

A number of other analysts also recently weighed in on SNDK. JPMorgan Chase & Co. started coverage on shares of Sandisk in a research report on Monday, December 8th. They set a “neutral” rating and a $235.00 price target for the company. Bank of America increased their price objective 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. Jefferies Financial Group raised their price objective on shares of Sandisk from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Friday. Sanford C. Bernstein boosted their target price on shares of Sandisk from $300.00 to $580.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Sandisk in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Sandisk presently has an average rating of “Moderate Buy” and a consensus target price of $490.60.

Sandisk Stock Up 6.9%

Shares of NASDAQ SNDK opened at $576.25 on Friday. 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 $676.69. The stock’s 50-day simple moving average is $308.87 and its 200-day simple moving average is $178.65. The firm has a market cap of $84.45 billion and a price-to-earnings ratio of -75.92.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $2.89. Sandisk had a positive return on equity of 10.37% and a negative net margin of 11.66%.The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.67 billion. The business’s revenue for the quarter was up 61.2% on a year-over-year basis.

Insider Transactions at Sandisk

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.21% of the stock is owned by corporate insiders.

Institutional Trading of Sandisk

A number of institutional investors and hedge funds have recently made changes to their positions in SNDK. Westfuller Advisors LLC boosted its position in Sandisk by 51.8% during the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after purchasing an additional 43 shares during the period. Everhart Financial Group Inc. increased its position in Sandisk by 3.4% in the fourth quarter. Everhart Financial Group Inc. now owns 2,058 shares of the data storage provider’s stock worth $489,000 after buying an additional 67 shares during the period. Assetmark Inc. increased its position in Sandisk by 71.6% in the fourth quarter. Assetmark Inc. now owns 175 shares of the data storage provider’s stock worth $42,000 after buying an additional 73 shares during the period. Savvy Advisors Inc. lifted its stake in Sandisk by 1.3% in the fourth quarter. Savvy Advisors Inc. now owns 6,930 shares of the data storage provider’s stock valued at $1,645,000 after buying an additional 87 shares during the last quarter. Finally, Whittier Trust Co. acquired a new position in shares of Sandisk during the fourth quarter valued at $26,000.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Q2 results substantially beat expectations — revenue ~ $3.02B (up ~61% y/y) and EPS far above consensus; management cited strong enterprise/datacenter and AI demand. Earnings Release & Slides
• Positive Sentiment: Blowout Q3 guidance: revenue guidance around $4.4–4.8B and EPS guidance (~$12–14) well above consensus, signaling much stronger demand and pricing than Street expected. Reuters: Forecast + AI Demand
• Positive Sentiment: Extended strategic supply/joint-venture support — Sandisk and Kioxia extended the Yokkaichi JV through 2034, reducing supply uncertainty for NAND output. Business Wire: JV Extension
• Positive Sentiment: Analyst reactions pushed price targets higher (examples: Wedbush raised PT to $740; Mizuho raised PT to $600), reinforcing bullish investor sentiment. Benzinga: Analyst Moves
• Neutral Sentiment: Wide media and aftermarket coverage (Barron’s, Investopedia, Zacks, Seeking Alpha) is increasing visibility and trading interest — amplifies momentum but not a fundamental change by itself. Barron’s Coverage
• Neutral Sentiment: Heavy options and leverage activity has been reported, which can increase intraday volatility; useful for traders, but adds short-term risk. Yahoo Finance: Options Activity
• Negative Sentiment: Valuation and momentum risks: the stock has already surged strongly (huge YTD/IPO run), producing an elevated P/E and leaving limited margin for execution misses or a demand slowdown; some investors may view the rally as stretched. Invezz: Valuation/Outlook
• Negative Sentiment: Macro/market risk: broader futures/market moves and any cooling in AI capex could quickly reverse sentiment given the large run-up. Benzinga: Macro Movers

About Sandisk

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.