Sandisk Corporation (NASDAQ:SNDK) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Sandisk Corporation (NASDAQ:SNDK) have been assigned an average rating of “Moderate Buy” from the twenty-five brokerages that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $1,065.8095.

Several research firms have weighed in on SNDK. Weiss Ratings raised shares of Sandisk from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada boosted their price target on shares of Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Morgan Stanley restated an “overweight” rating and issued a $1,100.00 price objective on shares of Sandisk in a research report on Monday, April 27th. Zacks Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Finally, Wedbush boosted their price objective on shares of Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: New leveraged ETFs tied to Sandisk and other chip names are adding speculative demand and reinforcing momentum in AI-related semiconductor stocks. Seagate, SanDisk Stocks Get 2X ETF Boost As Themes Expands Leveraged AI Trade With 9 Funds
• Positive Sentiment: Recent commentary continues to highlight strong AI storage demand, record results, and bullish price targets, including talk that Sandisk could still have meaningful upside from current levels. SanDisk (SNDK) Delivered a Record Quarter. The AI Storage Bull Case Is Intact
• Positive Sentiment: SanDisk remains a major beneficiary of the memory-chip boom, with multiple reports pointing to strong NAND demand tied to AI data-center buildouts and constrained supply. Why Micron, Sandisk Stock Are Climbing Despite Fears of an Even Bigger Memory-Chip Shortage
• Neutral Sentiment: Analyst and media coverage is emphasizing that Sandisk’s parabolic year-to-date move has made it one of the market’s most closely watched momentum names. SanDisk And Micron Had Their Run – This New ‘Photonics’ ETF Has 15 Triple-Digit Gainers Inside
• Neutral Sentiment: Insider selling by a director was disclosed, but the transaction was relatively small compared with the company’s huge market value and does not by itself change the longer-term thesis. Necip Sayiner Sells 579 Shares of Sandisk (NASDAQ:SNDK) Stock
• Negative Sentiment: Sandisk was hit by a broader chip and memory-sector selloff as investors took profits after an enormous rally, with several reports warning the stock may be overdue for a pullback. What’s Going On With SanDisk Stock Tuesday?
• Negative Sentiment: Technical commentary is increasingly cautious, noting overbought conditions after Sandisk’s explosive run and suggesting traders may be locking in gains. SanDisk stock is in a bull run — but RSI says a pullback may be near

Sandisk Stock Down 0.3%

Sandisk stock opened at $1,447.23 on Thursday. The company has a market capitalization of $214.32 billion, a PE ratio of 50.30 and a beta of 4.82. The firm has a fifty day simple moving average of $866.60 and a two-hundred day simple moving average of $538.61. Sandisk has a twelve month low of $35.79 and a twelve month high of $1,600.00.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping the consensus estimate of $14.17 by $9.24. The business had revenue of $5.95 billion during the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business’s revenue for the quarter was up 251.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities analysts expect that Sandisk will post 63.93 earnings per share for the current fiscal year.

Insider Transactions at Sandisk

In other Sandisk news, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were 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. The trade was a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Miyuki Suzuki sold 3,500 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the completion of the transaction, the director owned 9,907 shares in the company, valued at $6,216,939.71. The trade was a 26.11% decrease in their position. The SEC filing for this sale provides additional information. 0.21% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sandisk

Hedge funds have recently modified their holdings of the company. Valley Wealth Managers Inc. purchased a new position in shares of Sandisk in the first quarter valued at about $25,000. Whittier Trust Co. purchased a new position in shares of Sandisk in the fourth quarter valued at about $26,000. Greenline Wealth Management LLC purchased a new position in shares of Sandisk during the fourth quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Sandisk during the third quarter valued at about $27,000. Finally, Chung Wu Investment Group LLC bought a new position in Sandisk in the fourth quarter worth about $27,000.

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.