Sandisk (NASDAQ:SNDK) Shares Up 4.6% on Analyst Upgrade

Sandisk Corporation (NASDAQ:SNDK) traded up 4.6% during mid-day trading on Tuesday after Citigroup raised their price target on the stock from $490.00 to $750.00. Citigroup currently has a buy rating on the stock. Sandisk traded as high as $725.00 and last traded at $695.51. 30,724,659 shares traded hands during trading, an increase of 63% from the average session volume of 18,865,043 shares. The stock had previously closed at $665.24.

A number of other research firms also recently weighed in on SNDK. Susquehanna upped their target price on Sandisk from $250.00 to $300.00 and gave the stock a “positive” rating in a report on Monday, December 8th. Wells Fargo & Company upped their price target on Sandisk from $230.00 to $380.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Raymond James Financial raised Sandisk from a “market perform” rating to an “outperform” rating and set a $725.00 price objective for the company in a research report on Friday, January 30th. Sanford C. Bernstein upped 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, Fox Advisors upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $542.85.

Insider Transactions at Sandisk

In related news, Director Necip Sayiner sold 1,271 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total transaction of $248,022.94. Following the sale, the director directly owned 3,479 shares of the company’s stock, valued at approximately $678,892.06. This represents a 26.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by insiders.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Blowout Q2 results and aggressive forward guidance — revenue of ~$3.03B, EPS well above estimates, gross margins expanded and management raising next‑quarter EPS guidance substantially, which underpins the bull case for sustained AI datacenter demand. The Memory Supercycle Is Here—2 Winners From 1 Breakup (SNDK)
• Positive Sentiment: Major analyst upgrades and sharply higher price targets (Barclays, Citigroup, Cantor Fitzgerald, UBS and others) are validating the earnings beat and boosting investor demand. Barclays Nearly Doubles SanDisk (SNDK) PT to $750
• Positive Sentiment: Secure wafer supply via an extended Kioxia joint venture and product roadmap (enterprise/256TB SSDs, HBF concepts) reduce execution risk and support pricing power in a tight NAND market. SanDisk Kioxia Venture Extension Supports AI Flash Growth
• Neutral Sentiment: Spin‑off dynamics and the broader “memory supercycle” narrative have rotated capital into storage/hardware — this explains strong multi‑month outperformance but also concentrates sentiment and position sizes. The AI in a Box Trade: Hardware Is the Next Boom
• Negative Sentiment: Sharp intraday pullbacks and profit‑taking: traders are trimming positions after a parabolic run (reports note recent 10–20% intraday swings), which is driving today’s decline. Why SanDisk stock tumbled 10% today
• Negative Sentiment: Cycle and valuation risk — memory markets are cyclical; a supply ramp or cooling AI capex could reverse pricing and margins quickly. After a massive rally, downside can be amplified if growth expectations slip. Why SanDisk Stock Skyrocketed: 5 Key Questions Answered
• Negative Sentiment: Extreme technical/positioning risk — very high momentum readings, hard‑to‑borrow/short interest signals, and rapid swings mean volatility is likely to continue and can exacerbate down days. Sandisk’s Swings Are Getting Bigger—Here’s How to Play Them

Institutional Investors Weigh In On Sandisk

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

Sandisk Price Performance

The firm has a fifty day moving average of $334.53 and a 200 day moving average of $192.32. The company has a current ratio of 3.11, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $86.26 billion and a P/E ratio of -77.02.

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

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.