Sandisk (NASDAQ:SNDK) Earns Neutral Rating from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Sandisk (NASDAQ:SNDK) in a research report released on Monday morning, MarketBeat Ratings reports. The firm issued a neutral rating and a $235.00 target price on the data storage provider’s stock.

Several other research analysts also recently commented on the stock. Fox Advisors raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Mizuho raised their price target on shares of Sandisk to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Zacks Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 14th. Benchmark increased their target price on shares of Sandisk from $125.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Citigroup raised their target price on Sandisk from $150.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Sandisk has a consensus rating of “Moderate Buy” and an average target price of $213.33.

Sandisk Trading Up 6.1%

Shares of SNDK stock opened at $232.86 on Monday. The stock has a market capitalization of $34.13 billion and a PE ratio of 727.69. Sandisk has a 1-year low of $27.89 and a 1-year high of $284.76. The business has a 50-day moving average of $193.63 and a 200 day moving average of $102.56. 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 announced its quarterly earnings results on Thursday, November 6th. The data storage provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.64. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.12 billion. The firm’s quarterly revenue was up 22.6% on a year-over-year basis. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Insider Activity

In related news, Director Necip Sayiner sold 1,271 shares of the business’s 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 transaction, the director owned 3,479 shares in the company, valued at $678,892.06. The trade was a 26.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is owned by corporate insiders.

Institutional Trading of Sandisk

Large investors have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Sandisk in the 3rd quarter worth approximately $27,000. CVA Family Office LLC bought a new stake in shares of Sandisk during the third quarter valued at approximately $28,000. Parallel Advisors LLC purchased a new stake in Sandisk in the third quarter worth $30,000. Northwestern Mutual Wealth Management Co. bought a new position in Sandisk in the third quarter worth $32,000. Finally, Covestor Ltd bought a new position in Sandisk in the third quarter worth $37,000.

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.