Sandisk (NASDAQ:SNDK) Trading 3.1% Higher – Time to Buy?

Sandisk Corporation (NASDAQ:SNDK)’s share price rose 3.1% on Friday . The company traded as high as $1,946.84 and last traded at $1,915.92. 10,329,805 shares were traded during mid-day trading, a decline of 37% from the average session volume of 16,456,943 shares. The stock had previously closed at $1,858.27.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Wedbush raised its price target on Sandisk and said it expects a strong earnings beat, citing favorable NAND pricing trends and improving fundamentals ahead of the company’s upcoming quarterly report. Article Title
• Positive Sentiment: Sandisk and other memory stocks rebounded after a Samsung-led sector selloff, as investors rotated back into the group on hopes that demand remains strong. Article Title
• Positive Sentiment: Reports that Meta signed a multi-year NAND flash supply deal with Sandisk added to optimism around AI infrastructure demand and long-term storage sales. Article Title
• Positive Sentiment: Sandisk announced it will report fiscal fourth-quarter and full-year 2026 results on August 5, followed by an Investor Day on August 13, which keeps a near-term catalyst in focus. Article Title
• Neutral Sentiment: Sandisk is being highlighted in broader market coverage and stock-mover lists, reflecting elevated trading interest rather than a single company-specific development. Article Title
• Negative Sentiment: Some commentary warned that investors may be pricing in too much AI-memory optimism, with concerns that storage demand could be peaking after the recent rally. Article Title
• Negative Sentiment: A separate article argued that investors didn’t need Sandisk to benefit from the AI wave, suggesting some capital could rotate into broader semiconductor ETFs instead of the stock. Article Title

Analysts Set New Price Targets

Several brokerages recently weighed in on SNDK. Raymond James Financial restated an “outperform” rating and issued a $1,470.00 price target on shares of Sandisk in a research note on Friday, May 1st. Arete Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. KGI Securities initiated coverage on Sandisk in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 price objective for the company. Wedbush upped their target price on Sandisk from $740.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Zacks Research lowered Sandisk from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,684.24.

Sandisk Trading Up 3.1%

The company has a market capitalization of $283.73 billion, a price-to-earnings ratio of 66.59 and a beta of 4.74. The company has a fifty day moving average of $1,726.30 and a 200-day moving average of $996.55.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping the consensus estimate of $14.17 by $9.24. The company had revenue of $5.95 billion during the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.Sandisk’s quarterly revenue was up 251.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities research analysts expect that Sandisk Corporation will post 64.95 EPS for the current year.

Insider Transactions at Sandisk

In other Sandisk news, Director Necip Sayiner sold 579 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total value of $870,300.69. Following the transaction, the director owned 2,900 shares in the company, valued at approximately $4,359,019. This trade represents a 16.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following the sale, the insider directly owned 31,515 shares in the company, valued at approximately $65,803,320. This trade represents a 1.87% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 6,225 shares of company stock worth $10,166,297. Company insiders own 0.21% of the company’s stock.

Institutional Trading of Sandisk

Hedge funds have recently bought and sold shares of the business. State Street Corp purchased a new stake in Sandisk in the 3rd quarter valued at $491,053,000. Arrowstreet Capital Limited Partnership acquired a new stake in Sandisk during the third quarter worth about $297,293,000. Norges Bank acquired a new stake in Sandisk during the fourth quarter worth about $518,889,000. Bank of America Corp DE purchased a new position in Sandisk during the third quarter worth about $190,425,000. Finally, AQR Capital Management LLC acquired a new position in Sandisk in the third quarter valued at approximately $163,057,000.

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.