Sandisk (NASDAQ:SNDK) Stock Price Expected to Rise, Citigroup Analyst Says

Sandisk (NASDAQ:SNDK) had its price objective hoisted by equities research analysts at Citigroup from $750.00 to $875.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the data storage provider’s stock. Citigroup’s target price indicates a potential upside of 23.29% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Benchmark increased their price target on Sandisk from $260.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Mizuho set a $600.00 price objective on Sandisk in a report on Tuesday, January 27th. UBS Group set a $1,000.00 target price on Sandisk in a report on Monday, February 2nd. Morgan Stanley set a $690.00 target price on Sandisk in a research report on Friday, January 30th. Finally, Jefferies Financial Group boosted their price target on Sandisk from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Sandisk has a consensus rating of “Moderate Buy” and an average price target of $570.19.

Sandisk Stock Performance

Shares of NASDAQ SNDK opened at $709.71 on Thursday. The firm’s 50-day moving average price is $580.47 and its 200-day moving average price is $321.34. Sandisk has a 52-week low of $27.89 and a 52-week high of $777.60. The company has a market cap of $104.75 billion and a PE ratio of -93.51. The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06.

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 negative net margin of 11.66% and a positive return on equity of 10.11%. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.67 billion. The company’s revenue for the quarter was up 61.2% on a year-over-year basis.

Insider Activity

In related news, Director Miyuki Suzuki sold 3,500 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total value of $2,196,355.00. Following the completion of the sale, the director directly owned 9,907 shares of the company’s stock, valued at approximately $6,216,939.71. This represents a 26.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On Sandisk

A number of hedge funds have recently modified their holdings of SNDK. Whittier Trust Co. bought a new stake in shares of Sandisk during the 4th quarter valued at $26,000. Greenline Wealth Management LLC bought a new position in Sandisk in the 4th quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Sandisk in the 3rd quarter worth $27,000. Chung Wu Investment Group LLC bought a new stake in Sandisk during the fourth quarter valued at about $27,000. Finally, CVA Family Office LLC bought a new stake in Sandisk during the third quarter valued at about $28,000.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Citi raised its price target to $875 and maintained a buy stance, signaling significant upside expectations and supporting the stock’s recent run. Benzinga / TickerReport on Citi price target raise
• Positive Sentiment: A Citi analyst also boosted earnings/volume forecasts, saying data‑center NAND bit demand is “through the roof,” which underpins longer‑term revenue prospects for SanDisk. TipRanks: Citi analyst hike
• Positive Sentiment: SanDisk recently hit all‑time highs amid strong demand for AI‑optimized storage, which helped push momentum and attracted momentum buyers ahead of this pullback. TipRanks: all‑time high coverage
• Positive Sentiment: KGI Securities and other firms initiated/expanded coverage with constructive ratings, increasing institutional attention and potential buy‑side interest. AmericanBankingNews: KGI initiates coverage
• Neutral Sentiment: Technical analysts flagged bullish patterns (golden cross on key moving averages) that can attract technical buyers but don’t guarantee sustained gains. 24/7 Wall St.: golden cross article
• Neutral Sentiment: Analyst/market commentary and media speculation about a potential stock split have circulated; such talk can boost retail interest but is speculative until management confirms. 24/7 Wall St.: stock split speculation
• Negative Sentiment: Profit‑taking and a debate in the press — framed as “AI breakout or speculative bubble” — have driven a short‑term pullback as investors reassess valuation after the rapid rise. 24/7 Wall St.: AI breakout vs bubble
• Negative Sentiment: Coverage noting intra‑session drops and pre‑market weakness highlights elevated volatility — short‑term traders may exacerbate moves, increasing downside risk for momentum investors. MSN: what’s behind the drop

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.