Analysts Set Sandisk Corporation (NASDAQ:SNDK) Target Price at $218.33

Shares of Sandisk Corporation (NASDAQ:SNDK) have been given an average recommendation of “Moderate Buy” by the twenty-three brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, thirteen have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $316.8421.

SNDK has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on shares of Sandisk from $230.00 to $380.00 and gave the stock an “equal weight” rating in a research note on Thursday. UBS Group set a $580.00 price objective on Sandisk in a report on Wednesday. Benchmark increased their target price on Sandisk from $260.00 to $450.00 and gave the company a “buy” rating in a report on Thursday. China Renaissance started coverage on Sandisk in a research note on Friday, December 5th. They issued a “buy” rating and a $322.00 price target on the stock. Finally, Cantor Fitzgerald boosted their price objective on Sandisk from $240.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, November 7th.

Sandisk Trading Up 5.5%

Shares of SNDK stock opened at $409.24 on Friday. The company has a quick ratio of 2.03, a current ratio of 3.29 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $256.04 and a two-hundred day moving average price of $144.99. Sandisk has a 12-month low of $27.89 and a 12-month high of $423.35. The firm has a market cap of $59.97 billion and a P/E ratio of 1,278.88.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Thursday, November 6th. The data storage provider reported $1.22 EPS for the quarter, beating the consensus estimate of $0.58 by $0.64. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.12 billion. The company’s revenue was up 22.6% on a year-over-year basis. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Insiders Place Their Bets

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total value of $248,022.94. Following the sale, the director owned 3,479 shares of the company’s stock, valued at $678,892.06. This trade represents a 26.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SNDK. Vanguard Group Inc. purchased a new position in shares of Sandisk during the third quarter valued at about $1,970,388,000. State Street Corp bought a new stake in Sandisk during the 3rd quarter valued at approximately $491,053,000. Arrowstreet Capital Limited Partnership bought a new stake in Sandisk during the 3rd quarter valued at approximately $297,293,000. Bank of America Corp DE purchased a new position in shares of Sandisk during the 3rd quarter worth approximately $190,425,000. Finally, AQR Capital Management LLC purchased a new position in shares of Sandisk during the 3rd quarter worth 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.