Sandisk (NASDAQ:SNDK) Shares Gap Up After Analyst Upgrade

Sandisk Corporation (NASDAQ:SNDK)’s stock price gapped up prior to trading on Friday after Wall Street Zen upgraded the stock from a buy rating to a strong-buy rating. The stock had previously closed at $539.30, but opened at $651.23. Sandisk shares last traded at $645.00, with a volume of 7,983,501 shares.

Other research analysts have also issued research reports about the company. Mizuho set a $600.00 price target on Sandisk in a research report on Tuesday. Susquehanna raised their price objective on Sandisk from $250.00 to $300.00 and gave the company a “positive” rating in a research note on Monday, December 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sandisk in a research report on Monday, December 29th. Royal Bank Of Canada restated a “sector perform” rating and set a $650.00 price target on shares of Sandisk in a report on Friday. Finally, Fox Advisors raised 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 assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $490.60.

Insider Activity at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of the company’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 directly owned 3,479 shares in the company, valued at approximately $678,892.06. This represents a 26.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

Key Headlines Impacting Sandisk

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

Hedge Funds Weigh In On Sandisk

A number of institutional investors have recently modified their holdings of the stock. Whittier Trust Co. bought a new position in Sandisk in the fourth quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Sandisk in the 3rd quarter worth $27,000. CVA Family Office LLC bought a new position in shares of Sandisk during the 3rd quarter worth $28,000. Westfuller Advisors LLC increased its stake in shares of Sandisk by 51.8% during the fourth 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 during the period. Finally, Parallel Advisors LLC bought a new stake in shares of Sandisk in the third quarter valued at about $30,000.

Sandisk Price Performance

The firm has a fifty day moving average of $308.87 and a two-hundred day moving average of $179.60. The stock has a market capitalization of $84.45 billion and a P/E ratio of -75.92. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.29 and a quick ratio of 2.03.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Thursday, January 29th. The data storage provider reported $6.20 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 10.37%. The business 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% compared to the same quarter last year.

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.