Sandisk (NASDAQ:SNDK) Raised to “Strong-Buy” at Zacks Research

Sandisk (NASDAQ:SNDK) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

SNDK has been the subject of several other reports. Royal Bank Of Canada increased their price objective on Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Wells Fargo & Company boosted their target price on Sandisk from $1,250.00 to $1,620.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. Cantor Fitzgerald increased their price target on Sandisk from $1,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Barclays raised shares of Sandisk from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Finally, Weiss Ratings lowered shares of Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Sandisk currently has an average rating of “Moderate Buy” and an average target price of $1,811.38.

Sandisk Stock Down 5.1%

SNDK opened at $1,214.83 on Thursday. Sandisk has a twelve month low of $40.10 and a twelve month high of $2,354.39. The company’s 50-day moving average price is $1,729.14 and its two-hundred day moving average price is $1,116.58. The stock has a market cap of $179.90 billion, a price-to-earnings ratio of 42.23 and a beta of 4.74.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (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 net margin of 34.19% and a return on equity of 44.06%. The company’s revenue for the quarter was up 251.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.30) EPS. As a group, sell-side analysts anticipate that Sandisk will post 64.52 earnings per share for the current year.

Insider Activity

In other news, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total value of $1,252,800.00. Following the completion of the transaction, 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 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the sale, the director directly owned 2,900 shares in the company, valued at $4,359,019. This trade represents a 16.64% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 6,225 shares of company stock valued at $10,166,297. Corporate insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dogwood Wealth Management LLC increased its position in shares of Sandisk by 14.3% during the 2nd quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider’s stock valued at $109,000 after purchasing an additional 6 shares during the last quarter. Castle Rock Wealth Management LLC lifted its stake in shares of Sandisk by 2.4% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 426 shares of the data storage provider’s stock valued at $969,000 after acquiring an additional 10 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its position in Sandisk by 1.6% in the second quarter. Legacy Wealth Asset Management LLC now owns 772 shares of the data storage provider’s stock valued at $1,755,000 after purchasing an additional 12 shares during the last quarter. GHP Investment Advisors Inc. raised its holdings in Sandisk by 12.0% during the 1st quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock valued at $77,000 after buying an additional 13 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Sandisk by 2.5% during the second quarter. Versant Capital Management Inc now owns 527 shares of the data storage provider’s stock valued at $1,198,000 after acquiring an additional 13 shares during the last quarter.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI infrastructure spending remains a major potential growth driver. Analysts point to more than $750 billion in expected 2026 Big Tech capital expenditures, which could support demand for Sandisk’s enterprise storage and memory products. Buy 5 AI Infrastructure Stocks as Big Tech’s Assure Lasting AI Frenzy
• Positive Sentiment: Microsoft’s roughly $190 billion capital-spending commitment and strong AI-related results helped revive optimism about data-center demand. Samsung also reported a sharp increase in chip profit and expects memory shortages to persist into 2028, supporting the broader industry outlook. Why Memory Stocks Are Roaring Back
• Positive Sentiment: Several bullish analyses argue that AI inference and enterprise storage may structurally improve NAND demand. Sandisk has reportedly exceeded earnings and revenue expectations for five consecutive quarters, while analysts have continued raising estimates. Sandisk’s Biggest Opportunity Yet
• Neutral Sentiment: Options traders expect a significant move around the August 5 earnings release. The event could bring a sharp rebound if results and guidance confirm AI demand, but it also creates elevated downside risk if expectations are missed. SanDisk Q4 Earnings Options Outlook
• Negative Sentiment: Investors remain concerned that Chinese competition could intensify another NAND downturn. Some analysts also warn that the AI boom may moderate before 2029, making Sandisk’s elevated valuation and ambitious price targets vulnerable. Sandisk Stock Slides as Chinese Competition Rattles NAND Outlook
• Negative Sentiment: The rapid reversal in memory stocks and recent forced selling have weakened sentiment, with Sandisk’s technical indicators reaching deeply oversold levels. That may attract bargain hunters, but it also highlights how sharply expectations and momentum have deteriorated. Is the Sandisk Stock Crash Over?

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.