KGI Securities Begins Coverage on Sandisk (NASDAQ:SNDK)

Analysts at KGI Securities assumed coverage on shares of Sandisk (NASDAQ:SNDK) in a research note issued on Wednesday,Benzinga reports. The brokerage set an “outperform” rating and a $992.00 price target on the data storage provider’s stock. KGI Securities’ price objective suggests a potential upside of 28.48% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Benchmark lifted their price target on shares of Sandisk from $260.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. JPMorgan Chase & Co. began coverage on shares of Sandisk in a report on Monday, December 8th. They issued a “neutral” rating and a $235.00 price objective on the stock. Mizuho set a $600.00 target price on shares of Sandisk in a research note on Tuesday, January 27th. Jefferies Financial Group lifted their target price on shares of Sandisk from $600.00 to $700.00 and gave the company a “buy” rating in a report on Friday, January 30th. Finally, Cantor Fitzgerald boosted their price target on Sandisk from $550.00 to $800.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $570.19.

Sandisk Price Performance

SNDK opened at $772.09 on Wednesday. The stock has a fifty day simple moving average of $573.83 and a two-hundred day simple moving average of $316.78. 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 cap of $113.96 billion and a price-to-earnings ratio of -101.72. Sandisk has a 12-month low of $27.89 and a 12-month high of $776.00.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Thursday, January 29th. The data storage provider reported $6.20 EPS for the quarter, beating the consensus estimate of $3.31 by $2.89. The business had revenue of $3.03 billion during 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 business’s quarterly revenue was up 61.2% compared to the same quarter last year.

Insider Buying and Selling

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total value of $2,196,355.00. Following the completion of the transaction, the director owned 9,907 shares of the company’s stock, valued at approximately $6,216,939.71. The trade was a 26.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.21% of the company’s stock.

Institutional Trading of Sandisk

Institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. purchased a new position in shares of Sandisk during the second quarter valued at approximately $317,000. Corient Private Wealth LLC purchased a new stake in Sandisk in the second quarter worth approximately $353,000. Praxis Investment Management Inc. purchased a new stake in Sandisk in the third quarter worth approximately $533,000. GAMMA Investing LLC bought a new stake in Sandisk in the 3rd quarter worth approximately $439,000. Finally, Voya Investment Management LLC bought a new stake in Sandisk in the 3rd quarter worth approximately $8,917,000.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Citi sharply raised its forecast and now carries a “buy” rating on SNDK, boosting investor confidence by citing surging data‑center NAND bit demand. This analyst upgrade and higher price target are a direct catalyst for buying interest. SanDisk Stock Jumps as Citi Analyst Hikes Forecast
• Positive Sentiment: KGI Securities initiated coverage with an “outperform” and a $992 price target, adding another institutional analyst endorsement that signals more upside potential. KGI Securities initiates coverage of SanDisk
• Positive Sentiment: Recent earnings and guidance momentum: SanDisk reported a strong quarter (EPS and revenue beats) and shares recently hit an all‑time high as the market priced in robust AI/data‑center storage demand. Those fundamentals are underpinning the rally. SanDisk Stock Hits All-Time High — What’s Driving the Stock?
• Positive Sentiment: Analyst and research writeups highlight a multi‑quarter AI/NAND tailwind, margin expansion and multi‑year customer agreements — the kind of structural visibility that supports higher valuation multiples. SanDisk’s Quiet AI Boom Could Still Surprise Investors
• Positive Sentiment: Institutional “big money” buying and inflows have been reported, which increases demand for the stock and can amplify price moves during analyst upgrades. See SanDisk Rise on Big Money Buys
• Positive Sentiment: Technical setup: charts have flashed bullish signals (golden cross), attracting momentum traders and technical funds into the name. These 2 Data Storage Stocks Just Flashed Golden Crosses
• Neutral Sentiment: Speculation about a potential stock split has popped up in financial press — splits can be bullish on announcement but are speculative until management confirms. Monitor for any corporate action commentary. 3 Surefire Stock Splits to Buy in 2026
• Negative Sentiment: Volatility: the stock experienced a sharp pre‑market gap lower at one point (a ~5% pre‑market drop) — short‑term traders should expect swings as sentiment and flows shift quickly after big analyst moves. SanDisk Stock Is Down 5% In Pre‑Market — Is the Dip a Gift?

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.