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

Sandisk (NASDAQ:SNDK) had its price objective raised by equities research analysts at Citigroup from $490.00 to $750.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the data storage provider’s stock. Citigroup’s price target would suggest a potential upside of 7.83% from the stock’s previous close.

A number of other brokerages have also commented on SNDK. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $650.00 target price on shares of Sandisk in a research report on Friday. Benchmark upped their target price on Sandisk from $260.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Barclays raised their price target on Sandisk from $385.00 to $750.00 and gave the company an “equal weight” rating in a research note on Monday. Susquehanna upped their price objective on shares of Sandisk from $250.00 to $300.00 and gave the stock a “positive” rating in a research note on Monday, December 8th. Finally, UBS Group set a $1,000.00 target price on shares of Sandisk in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Sandisk has an average rating of “Moderate Buy” and an average target price of $542.85.

Sandisk Trading Up 4.6%

Shares of NASDAQ SNDK opened at $695.51 on Monday. The business’s 50 day moving average price is $327.14 and its 200-day moving average price is $189.56. The company has a market cap of $102.64 billion and a price-to-earnings ratio of -91.64. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 3.11. Sandisk has a fifty-two week low of $27.89 and a fifty-two week high of $725.00.

Sandisk (NASDAQ:SNDK) last released its earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $2.89. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.67 billion. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The company’s revenue was up 61.2% on a year-over-year basis.

Insider Activity at Sandisk

In related news, Director Necip Sayiner sold 1,271 shares of the 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 completion of the sale, the director owned 3,479 shares of the company’s stock, valued at $678,892.06. This represents a 26.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sandisk

A number of large investors have recently made changes to their positions in SNDK. Whittier Trust Co. purchased a new stake in shares of Sandisk during the 4th quarter valued at $26,000. Chung Wu Investment Group LLC purchased a new position in Sandisk during the 4th quarter worth $27,000. Westfuller Advisors LLC increased 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 buying an additional 43 shares in the last quarter. Torren Management LLC purchased a new stake in Sandisk in the fourth quarter valued at about $37,000. Finally, Assetmark Inc. boosted its holdings 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 acquiring an additional 73 shares in the last quarter.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Blowout Q2 results and bullish guidance — SanDisk reported ~$3.03B revenue (+61% YoY), EPS well above estimates and rapidly expanding gross margins; management guided materially higher near-term margins and EPS, signaling sustained AI-driven storage demand. The Memory Supercycle Is Here—2 Winners From 1 Breakup
• Positive Sentiment: Analyst upgrades and price-target raises are piling up — multiple firms (Cantor Fitzgerald, Citigroup, Barclays, UBS, Bernstein) jumped to buy/overweight ratings and materially higher targets, reflecting renewed confidence in SanDisk’s earnings power and justifying upside for the stock. Sandisk (SNDK) Soars as Berstein Hikes PT by 72%
• Positive Sentiment: Supply continuity secured — SanDisk extended its joint venture with Kioxia, lowering a key operational risk around wafer supply and supporting the firm’s ability to capture extended AI-driven demand. SanDisk Kioxia Venture Extension Supports AI Flash Growth And Valuation Gap
• Neutral Sentiment: Macro rotation into hardware/edge AI — several pieces argue the market is shifting from chips/software to device and server vendors (the “AI in a box” or hardware supercycle thesis), which supports higher demand for SanDisk products but distributes gains across OEMs like Dell and HP. The AI in a Box Trade: Hardware Is the Next Boom
• Neutral Sentiment: Market technicals and broader indices — futures and broader market strength are providing supportive tape, but this is a secondary driver versus company-specific earnings and guidance. Stock Market Today: S&P 500, Nasdaq 100 Futures Gain Amid Gold, Silver Rebound—Palantir Technologies, SanDisk, PepsiCo In Focus
• Negative Sentiment: Technical extreme and crowding risk — social-media enthusiasm and technical indicators show the stock is far above long-term averages (large percent above the 200‑day MA) and hard-to-borrow/short-interest data suggest elevated crowding and vulnerability to a sharp pullback. SanDisk Stock (SNDK) Opinions on Q2 Earnings Beat

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.