Sandisk (NASDAQ:SNDK) Stock Price Down 16% – What’s Next?

Sandisk Corporation (NASDAQ:SNDK) shares were down 16% during mid-day trading on Wednesday . The company traded as low as $582.00 and last traded at $584.55. Approximately 28,207,078 shares were traded during mid-day trading, an increase of 46% from the average daily volume of 19,295,211 shares. The stock had previously closed at $695.51.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Big earnings beat and aggressive guidance — SanDisk reported a blowout quarter (revenue up ~61%, EPS well above estimates) and management issued very strong next-quarter EPS guidance, which underpins the recent rally. The Memory Supercycle Is Here—2 Winners From 1 Breakup (SNDK)
• Positive Sentiment: Secured supply via Kioxia JV extension — SanDisk extended its manufacturing joint venture with Kioxia, reducing near-term wafer/supply risk and supporting continued premium pricing in a tight NAND market. Sandisk Kioxia Venture Extension Supports AI Flash Growth And Valuation Gap
• Positive Sentiment: Wall Street repricing: analyst upgrades and big price‑target raises have reinforced momentum — multiple firms (Barclays, Citi, Cantor Fitzgerald, UBS, etc.) boosted targets, legitimizing the bull case. Barclays Nearly Doubles SanDisk (SNDK) PT to $750 Following Separation, FQ2 2026 Earnings Beat
• Neutral Sentiment: Macro narrative: investors are rotating into “AI memory” / hardware plays as the market reframes AI demand to include storage and server makers, which helps the sector but isn’t unique to SanDisk. The AI in a Box Trade: Hardware Is the Next Boom
• Neutral Sentiment: Heightened retail/social attention and momentum trading are amplifying swings — heavy social chatter, hedge‑fund positioning and volatile flows can widen intraday moves without changing fundamentals. SanDisk Stock (SNDK) Opinions on Q2 Earnings Beat
• Negative Sentiment: Profit‑taking / today’s pullback — after a parabolic run many traders are locking gains, producing short‑term down moves and higher intraday volatility. Why SanDisk stock tumbled 10% today: are traders cashing out of AI rally?
• Negative Sentiment: Material risks remain — memory cycles can flip if supply ramps, competition or new tech compresses prices, and the stock’s steep run leaves it vulnerable to any growth miss or guidance cut. Analysts and market pieces warn valuation and momentum risk. Why SanDisk Stock Skyrocketed: 5 Key Questions Answered

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Sandisk in a research report on Monday, December 29th. Morgan Stanley set a $690.00 price target on shares of Sandisk in a report on Friday, January 30th. Zacks Research downgraded shares of Sandisk from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 22nd. Barclays increased their target price on shares of Sandisk from $385.00 to $750.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, The Goldman Sachs Group lifted their target price on Sandisk from $320.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $542.85.

Sandisk Stock Down 16.0%

The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06. The business has a 50-day simple moving average of $327.14 and a two-hundred day simple moving average of $189.56. The stock has a market capitalization of $86.26 billion and a P/E ratio of -77.02.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.67 billion. The company’s revenue was up 61.2% on a year-over-year basis.

Insider Activity at Sandisk

In related news, Director Necip Sayiner sold 1,271 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total transaction of $248,022.94. Following the sale, the director directly owned 3,479 shares in the company, valued at $678,892.06. This represents a 26.76% decrease in their position. The transaction 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

A number of institutional investors have recently made changes to their positions in SNDK. Whittier Trust Co. acquired a new stake in Sandisk in the 4th quarter valued at about $26,000. Chung Wu Investment Group LLC bought a new position in Sandisk in the 4th quarter valued at $27,000. Westfuller Advisors LLC increased its stake in shares of Sandisk by 51.8% in the 4th 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. Torren Management LLC bought a new stake in shares of Sandisk during the fourth quarter worth $37,000. Finally, Assetmark Inc. boosted its holdings in Sandisk by 71.6% in the fourth quarter. Assetmark Inc. now owns 175 shares of the data storage provider’s stock valued at $42,000 after acquiring an additional 73 shares during the last quarter.

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.